Gold gains but remains on track for fourth week of decline

Gold prices increased today by 1.38% to reach $4,081.5 per ounce, following a decline in the dollar after the release of U.S. inflation data. Despite the rise, the metal is on track to record its fourth consecutive weekly decline, having hit its lowest level in over seven months this week, declining by 2.6% during that period. Other precious metals saw slight gains, with silver up by 0.42% and palladium rising by 1.25%.

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