Gold climbs ahead of US inflation report
Gold prices rose by 0.9% to approximately $4,406 per ounce, supported by a decline in expectations for the Federal Reserve's interest rate hikes in the near future, as investors awaited U.S. inflation data that could influence monetary policy. Other precious metals also increased: silver gained 1.2% to $65.46 per ounce, platinum rose 0.6% to $1,754.10, and palladium climbed 0.8% to $1,370.86.
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