Gold ends fourth week with 1.7% drop
Closing out four weeks of losses, the price of gold fell by 1.7% despite its 1.5% rise on Friday to around $4,089 per ounce, amid dollar strength and expectations of higher U.S. interest rates. Silver declined by approximately 9% over the week, despite rising over 2% on Friday to more than $59 per ounce. Meanwhile, platinum and palladium experienced weekly declines of about 3% and 4%, respectively, even though they rose in the last Friday trading sessions.
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