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Gold rose with the decline of the dollar amid anticipation of US inflation data

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Gold prices recorded an increase today, with the decline of the dollar, after declining more than 1 percent in the last session, while investors await this week US inflation data that may affect the course of the monetary policy of the Federal Reserve (US Central Bank).

And gold rose in spot transactions 0.2 percent to 1994.48 dollars an ounce (an ounce). US gold futures contracts increased 0.1 percent to 1994.60 dollars. As for other precious metals, silver rose 0.1% to $24.91 an ounce, while platinum increased 0.3% to $994.64, and palladium rose 1.3% to $1429.54. Yesterday, gold prices fell 1 percent to less than two thousand dollars, after US jobs data showed the continued strength of the labor market, which reinforced expectations that the Federal Reserve (the US central bank) would raise interest again in May.

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Arab Desk
Arab Desk
The Eastern Herald’s Arab Desk validates the stories published under this byline. That includes editorials, news stories, letters to the editor, and multimedia features on easternherald.com.

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