Gold drops 0.5% after 7-week peak

Gold prices declined today after reaching their highest levels since June 17 last week. Spot prices fell by 0.5% to $4,322.28 per ounce, while U.S. futures dropped by 0.4% to $4,381.60. Other precious metals also saw declines, with silver decreasing by 0.2% to $63.45, platinum down by 0.1% to $1,742.50, and palladium falling by 1.1% to $1,362.97.

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