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Gold and precious metals prices increase
Gold and precious metals prices increased significantly today. The price of gold rose by 1% to reach $4,092.43 per ounce in spot trading, while futures contracts climbed by 1.5% to $4,149.50. Other metals also saw notable gains, such as silver, which increased by 2.8% to $59.82, and platinum and palladium, which each rose by 7.1%, reaching $1,745.42 and $1,355.13 respectively. This surge was driven by diminished concerns over inflation and market anticipation of upcoming Federal Reserve policy indicators.
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