Gold reaches $4,168.89
Gold prices rose today after expectations for a decrease in the Federal Reserve's (U.S. Central Bank) monthly interest rate hikes were reduced, easing the pressure caused by the strengthening dollar and rising Treasury yields. Spot gold increased by 0.7%, reaching $4,168.89 per ounce, while U.S. gold futures climbed by 1% to $4,196.90. Other precious metals also gained; silver rose to $61.44, while platinum fell to $1,712.01, and palladium declined to $1,164.73.
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