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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. 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. (sw/t) Auto-translated by third-party software This translation was auto-generated by third-party software. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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