Gold declines as Fed signals tightening
The price of gold decreased by 0.5%, reaching approximately $4,189 per ounce, marking its third consecutive weekly decline due to a strong dollar and the tightening of monetary policy indicated by the U.S. Federal Reserve, amid concerns over inflation. Likewise, the prices of other precious metals also fell, with silver down 0.8% to $65.32—the most expensive among them—platinum down 0.9% to $1,680.87, and palladium down 0.5% to $1,272.
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