Gold Gains on Dollar Dip and Steady Rates

Gold prices rose by 0.6% to reach $4,376.02 per ounce in spot trading, amid a decline in the dollar and expectations that the Federal Reserve will keep interest rates unchanged in September, following US inflation data which suggested no rate hikes in the upcoming period. Additionally, gold futures contracts increased by 0.3% to $4,433.90. The rise is attributed to diminishing inflation fears, stable interest rates, and improved performance of other precious metals such as silver, platinum, and palladium.

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