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Gold Approaches Largest Weekly Rise Since January
Gold prices achieved their biggest weekly gains since January, rising by 4.8% to reach $4,235.57 per ounce, as investors awaited U.S. employment data and energy prices that influence interest rate trajectories. Meanwhile, futures contracts decreased by 0.1% to $4,293.80, and other precious metals, such as silver and platinum, experienced slight declines. Gold is considered a hedge against inflation; however, rising interest rates reduce its attractiveness since it does not generate yield.
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