Gold gains 1% worldwide
Gold prices rose globally by 1% in trading, with the ounce reaching $4,092.43 in the spot market and $4,149.50 for futures contracts. There was a noticeable increase in other precious metals as well, including silver, platinum, and palladium, which surged between 2.8% and 7.1%. The rise came amid a calm outlook regarding inflation and anticipation of the Federal Reserve's monetary policy decisions, which boosted demand for precious metals and led to strong gains in the global market.
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