Gold Gains but Faces Fourth Week Decline
Gold prices rose today by 1.38% to reach $4,081.50 per ounce, amid a decline in the dollar following U.S. inflation data showing the Personal Consumption Expenditures (PCE) index increased by 4.1% over the 12 months ending in May. Despite the increase, the metal is heading for its fourth consecutive weekly loss, with a weekly decline of 2.6%. Other precious metals also saw slight gains, with silver, palladium, and platinum rising between 0.21% and 1.25%.
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