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The Economic Times
The Economic Times
Business
Veer Sharma

Gold prices rise for 3rd straight week, hit 3-month high. Can bullion reclaim $5,500 peak?

Gold prices surged to a near three-month high on Friday, extending gains for a third straight week as a weaker US dollar and the US Treasury’s decision to increase bond buybacks supported demand for the yellow metal. Spot gold rose 2% to $4,603, taking its weekly gain to 5%, after earlier touching its highest level since May 29.

What drove gold higher this week?

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