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Gold slips to $4,399.99 per ounce
Gold prices today experienced a slight decline, with the price per ounce dropping to $4,399.99 after reaching a high of $4,442.70. Investors' growing interest in the upcoming inflation data this week, which will help determine the Federal Reserve's interest rate path, contributed to this movement. Other precious metals saw minor fluctuations as well: silver fell to $66.08 per ounce, platinum rose to $1,836.72, and palladium dropped to $1,387.43. This decline coincided with rising oil prices, as investors paused to assess how the inflation data might influence the Fed's decisions on whether to raise or hold interest rates.
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