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Gold gains following Fed Chair comments

Gold gains following Fed Chair comments

Gold prices rose by more than 2% after jobs data came in below expectations and statements from the U.S. Federal Reserve Chairman, which indicated a declining risk of inflation. The spot price increased to $4,089.49 per ounce. Additionally, August gold futures gained 1.6% to $4,103.10. Other precious metals, such as silver and palladium, also traded higher.

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