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Gold Gains Amid Dollar Decline
Gold prices rose significantly due to the decline in the dollar and Treasury bond yields following US inflation data. The spot price of gold increased by 0.8% to reach $4,032.74 per ounce, while August futures contracts rose to $4,047.60. Previously, prices had fallen by more than one percent, dropping to their lowest level since November 2025, amid expectations of a US interest rate hike later this year.
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