Inflation and rates weigh on gold
Gold prices declined today, Friday, amid fears of inflation and the possibility of the U.S. interest rate hikes. Its weekly loss of 3.2% is one of the biggest challenges. The spot price of gold dropped to $4,191.17 per ounce, while U.S. futures rose to $4,212.70. Other precious metals experienced mixed changes, with silver decreasing and platinum and palladium increasing.
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