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المدينة
Gold set for initial weekly increase
Gold price rose by more than 1.4% to reach $4,179.94 per ounce, marking its highest level since June 23, amid a move towards achieving its first weekly gain of 2.3% since the beginning of June. This decline in expectations of US interest rate hikes came after weaker-than-expected employment data, resulting in stable demand for the precious metal. Additionally, other precious metals such as silver, platinum, and palladium each increased by over 2%, all hitting their highest levels in more than a week.
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