Gold steadies as dollar drops
Gold prices experienced stability during early Asian trading, heading for a third consecutive week of gains, supported by a decline in the US dollar and efforts by the US Treasury to reduce long-term bond yields. The spot price of gold remained largely unchanged at around $4,514 per ounce, after reaching its highest level since early June and recording a 3.2% increase since the start of the week. Gold futures also steadied at approximately $4,571, while the price of silver remained steady at $68.03 per ounce.
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