Gold rebounds as oil drops
Gold prices rose from their lowest level in more than a week following a decline in oil prices, despite expectations of interest rate hikes that affected the performance of the precious metal. The spot price of gold increased by 0.9% to reach $4,197.41 per ounce, after falling on Friday to its lowest point since June 11. Other precious metals also saw gains, with silver rising 1.8% to $66.10 per ounce, platinum slightly up to $1,667.97, and palladium increasing by 1% to $1,270.41.
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