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Gold bars
Gold prices climbed to their highest level in two weeks today, June 20, as investors await the release of the weekly US jobless claims data, amid signs of a slowing labor market that bolstered optimism about the imminent end of the monetary tightening cycle.
Futures prices for the yellow metal for August delivery rose 0.42%, or $9.8, to $2,356.70 per ounce at 09:17 am KSA time.
Spot gold prices added 0.61% to $2,342.37 per ounce, after earlier in the session reaching its highest level since June 7.
Silver prices for July delivery, the most active, climbed by 2.79% to $30.39 per ounce, while spot platinum prices increased by 0.41% to $984.85 per ounce.
Analysts expect a slight decline in the number of weekly US jobless claims by 2,000 to 240,000, after hitting its highest level in 10 months last week.
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