Gold prices surpass $4,080 per ounce
Gold prices rose by 0.4% to surpass $4,080 an ounce, after the U.S. Federal Reserve kept interest rates unchanged and focused on battling inflation. Other precious metals also saw notable increases, with silver reaching $58.20, palladium climbing to $1,270.50, and platinum rising to $1,616.84. The market now expects a 57% chance of a rate hike in September, down from an 81% probability indicated before the release of the monetary policy statement.
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