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<Commodity> Investors Buy on Dips, Gold Prices Rebound
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The escalation of the Iran war has heightened inflation concerns, leading to a rebound in gold prices on Friday as investors bought on dips. Spot gold rose by USD118 or 2.7% to USD4,494 per ounce. Gold futures for April delivery increased by USD116.2 or 2.7% to USD4,492.5 per ounce. Silver futures for May delivery rose by 2.7% to USD69.796 per ounce. Copper futures for May delivery increased by 0.3% to USD5.4945 per pound. Platinum futures for July delivery rose by 1.6% to USD1,887.1 per ounce. Palladium futures for June delivery increased by 3.6% to USD1,406.1 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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