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Gold Prices Climb As Oil Extends Slide On Easing Supply Concerns
Source: Nasdaq
Commodities & Raw MaterialsEnergy Markets & PricesInterest Rates & YieldsInflation
Gold prices rose more than 1% on Friday as declining oil prices and lower global bond yields eased concerns over inflation and interest rates. The move supports demand for gold as lower yields reduce the opportunity cost of holding non-interest-bearing assets.
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