Gold Gains 1.6% with Weekly 5% Rise
Gold prices have significantly increased in the global market, with the spot price of an ounce rising by 1.6% to reach $4,590.51. U.S. futures contracts also climbed by 1.7% to $4,647, marking a weekly gain of 5%. Other precious metals have also experienced gains, with silver up 2% to $69.43, platinum rising by 3.8% to $1,897.36, and palladium increasing by 0.6% to $1,342.30. This reflects a growing demand for precious metals amidst economic tensions.
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