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Find all the economic and financial information on our Orishas Direct application to download on Play StoreThe gold price fell on Friday. But it is on track for a second consecutive month of increases thanks to growing bets on a rate cut by the Federal Reserve next month
.Spot gold was down 0.3% at $2,513.99 per ounce at 0333 GMT but on track to rise by around 3% this month. US gold futures fell by 0.5% to $2,547.60. According to Peter Fung, trading manager at Wing Fung Precious Metals, the overall gold trend remains bullish due to falling rates and geopolitical tensions
.Spot silver slid 0.2% to $29.38 per ounce, while palladium rose 0.29% to $940.40. Both metals are on track to make monthly gains. Platinum fell by 0.1% to $978.50, representing a third consecutive month
of losses.
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