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<Commodity> Concerns Over Inflation Intensify, Gold Prices Rebound 3% from Trough
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The escalation of the Iran war has heightened inflation concerns, prompting a rise in gold prices on Friday as investors took advantage of lower prices. Spot gold increased by USD147.24 or 3.4% to USD4,523.4 per ounce. Gold futures for April delivery rose by USD131.1 or 3% to USD4,507.4 per ounce.

Silver futures for May delivery increased by 4.3% to USD70.85 per ounce.

Related NewsEIA Crude Oil Stocks Change for Mar/20 in the United States is 6.926M, higher than the previous value of 6.156M. The forecast was 0.5M.
Copper futures for May delivery rose by 0.6% to USD5.509 per pound.

Platinum futures for July delivery increased by 1.3% to USD1,881.5 per ounce.

Palladium futures for June delivery rose by 3.9% to USD1,411 per ounce.

Related NewsContinuing Jobless Claims for Mar/14 in the United States is 1,819K, lower than the previous value of 1,851K. The forecast was 1,850K.
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