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الوطن
Gold Gains Amid U.S. Rate Pause
Gold prices rose today amid a decline in expectations of the Federal Reserve's (the U.S. central bank) interest rate hike this month, despite the US dollar and Treasury bond yields increasing. Spot gold gained 0.7% to reach $4,168.89 per ounce, while futures contracts climbed to $4,196.90 per ounce, a 1% increase. Other precious metals also saw gains, with silver rising 0.6% to $61.44 per ounce, platinum falling 0.5% to $1,712.01, and palladium decreasing 0.7% to $1,164.73 per ounce.
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