Gold holds near two-week peak amid easing rate hike expectations
Gold prices remained near a two-week high due to a decline in expectations of an upcoming U.S. interest rate hike. The price of an ounce of gold reached $4,175.02, following weekly gains of more than 2%. Gold futures also increased by 1.5%, reaching $4,186.80. Meanwhile, other precious metals such as silver and platinum continued their upward movement, prompted by an American jobs report that was lower than expected, leading to reduced expectations of a rate increase.
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