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Spot gold hits $4165.29
Gold prices in the global market rose after US inflation data declined, which reduced expectations of interest rate hikes by the Federal Reserve in October. The spot price of gold increased by 0.2%, reaching $4,165.29 per ounce. Meanwhile, US gold futures climbed by 0.4% to $4,202.30. Other precious metals also saw gains, with silver rising to $60.51, platinum to $1,707.56, while palladium fell by 2.2% to $1,178.57.
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