Gold faces third weekly decline amid dollar rise

Gold prices edged down slightly today, Friday, indicating a third consecutive weekly decline, due to the rising dollar which approached its highest levels in a year. The ounce fell by 0.5% to $4,189.26 in spot transactions, while U.S. futures contracts for August delivery declined by 0.9% to $4,207.80. Other precious metals such as silver, platinum, and palladium also experienced noticeable decreases.

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