BusinessGold Near 7-Week Low Below $4,200; Silver Drops 0.6%
Gold prices hovered near a seven-week low below $4,200 per ounce amid rising oil prices and expectations of prolonged high US interest rates. US spot gold was nearly flat at $4,124.57, while futures fell 0.3% to $4,156.70. Market caution persists due to geopolitical tensions and inflation concerns, with upcoming US economic data expected to influence Federal Reserve policy decisions.
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