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Gold and silver fall globally
Gold prices have notably declined in the global markets, recording weekly losses of around 3%. This drop is attributed to the rise of the US dollar and US Treasury yields. The US markets opened lower ahead of the release of non-farm payroll data that could influence interest rate expectations. The spot price of gold fell to approximately $4,190 per ounce, while silver and platinum also declined, whereas palladium experienced a limited increase. This downturn comes amid concerns over rising interest rates and their impact on financial markets worldwide.
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