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Global gold prices declined today after recording gains of more than 2% in the previous session, due to changing expectations amid rising oil prices and geopolitical tensions that have impacted the outlook for U.S. interest rates. The spot gold price fell by 0.5% to $4,035.67 per ounce, although it remains at historically high levels. Investors are now monitoring U.S. inflation data and developments in the oil market. The rise in energy prices and ongoing geopolitical tensions are fueling concerns over inflation and the Federal Reserve's policy decisions, directly impacting gold prices and other financial assets.
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