Gold falls 1.6% amid escalation concerns

Gold prices declined by 1.6% this week due to easing tensions in the Middle East and expectations of rising U.S. interest rates, amid concerns about growing inflation. Today, gold prices fell in spot trading to $4,462.22 per ounce, with the ongoing impact of U.S. monetary policies affecting the metal's attractiveness. Markets are also awaiting the release of U.S. non-farm payroll data to determine the future direction of monetary policy.

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