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Gold rises due to strong inflation data in the United States and the decline of the dollar

2021-04-13T19:22:53.823Z

London - SANA Gold prices recovered today from their lowest level in more than a week, after data showing a sharp increase in yesterday



London-Sana

Gold prices recovered today from their lowest level in more than a week after data showing a sharp increase in inflation in the United States, which strengthened the appeal of the precious metal as a hedge against inflation and pushed the dollar to decline.

Reuters reported that the price of gold in spot transactions rose 0.77 percent to $ 1745.70 an ounce.

US futures rose 0.9 percent to settle at $ 1747.60 an ounce.

Among other precious metals, silver rose 2 percent to $ 25.35 an ounce, while palladium rose 0.54 percent to $ 2690 an ounce, and platinum fell 1.1 percent to $ 1156.80 an ounce.

Source: sena

All business articles on 2021-04-13

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