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Precious metals: the price of gold rose slightly on Friday

13/10/2023
Source : ORISHAS FINANCE
Categories: Raw materials

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As markets assess the latest inflation data, gold rose slightly at the end of the week and is about to have its best week in seven months.

U.S. gold futures added 0.2% to $1,885.80. Spot gold was up 0.3% at $1,873.25 per ounce at 03:43 GMT. After strengthening during the last session after data showed that US consumer prices rose in September, US Treasury yields and the dollar reversed the trend in Asia today

.

Platinum fell 0.1% to $867.28 and palladium remained stable at $1,144.28, with both on a weekly decline path. Cash rose 0.5% to $21.94 per ounce as it was about to register its first weekly increase in

three weeks.
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