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Gold nears its strongest weekly rise since January
Gold prices rose significantly as the week neared its end, marking the best weekly gains since January. This increase was supported by declining oil prices and investors' anticipation of U.S. non-farm payroll data. The spot gold price stabilized around $4,235.57 per ounce, achieving a weekly gain of 4.8%, while U.S. gold futures contracts decreased slightly. This rise comes amid mixed performance among other precious metals, with silver, platinum, and palladium declining.
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