Gold price drops slightly as oil prices rise
Gold prices slighted decreased today, with the spot price dropping by 0.6% to reach $4,138.39 per ounce, while August futures fell by 0.5% to $4,148.50. This decline came after the metal reached high levels last week, following weaker U.S. employment data that lowered expectations for near-term interest rate hikes. However, other precious metals experienced mixed changes, as silver declined by 2.6%, while platinum and palladium rose by 0.5% and 0.1%, respectively.
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