Gold maintains upward momentum
Gold prices continued to rise today, reaching their highest level in over a week during the previous session, driven by declining oil prices and weak U.S. employment data, supporting the precious metal. Spot gold prices increased by 0.8% to $4,063.56 per ounce after hitting $4,114.99 yesterday, their highest since June 23. Meanwhile, August futures contracts for gold fell slightly by 0.2% to $4,075.60 per ounce. Other precious metals, such as silver, platinum, and palladium, also saw price gains.
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