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Global Business News

The Economic Times

Global Business / The Economic Times

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Gold steadies, heads for third straight weekly gain

Gold prices maintained stability, closing in on a potential third consecutive weekly rise. The support came from a weaker dollar and Treasury measures aimed at reducing yields. Furthermore, a decrease in unemployment claims indicated a steady labor market, leading markets to expect that the Federal Reserve will likely hold interest rates steady in September. Additionally, other precious metals like silver, platinum, and palladium witnessed gains this week.

21 Aug 2026 7:22 am