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Gold prices rose today, supported by the decline in the dollar and US bond yields, as investors expect a slowdown in the pace of raising interest rates from the Federal Reserve.
Reuters reported that gold rose in spot transactions by 0.7 percent to $1,783.98 an ounce, and US gold futures rose 0.5 percent to $1,790.60.
The dollar fell 0.4 percent against its rivals, making bullion less expensive for buyers abroad, while benchmark US Treasury yields for ten years fell to a three-month low.
As for other precious metals, silver rose in spot transactions by 2.1 percent, to $ 22.62 an ounce.
Platinum rose 2.3% to $1,011.65 an ounce, and palladium rose 0.7% to $1,862.25.
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