Gold remains near two-week high at $4,132
Gold prices settled near two-week highs at $4,132 per ounce amid escalating tensions in the Middle East and rising oil prices. Investors are closely watching the upcoming Federal Reserve meeting next week for hints of potential interest rate hikes. Gold futures declined by 0.4% to $4,134.60, while prices of other metals such as silver, platinum, and palladium increased. The likelihood of a US interest rate hike remains high at 77% if it occurs in September, amid growing concerns over inflation driven by higher oil prices and regional tensions.
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