Gold dips amid oil increase
Gold prices declined today, amid rising oil prices, sparking concerns about inflation and strengthening expectations of interest rate hikes. Spot gold fell by 1.03% to $4,045.95 per ounce, marking its lowest level in over seven months last week. Other precious metals also declined, with silver dropping 1.21% to $58.45 per ounce, platinum decreasing 1.88% to $1,584, and palladium down slightly by 0.07% to $1,208.28.
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