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Gold prices gained 0.5% on Friday to settle at $4,286.20 per ounce, yet snapped the week with a 2.25% drop. Silver also posted a daily rise of 1.2% to $64.245 per ounce but suffered a broader weekly loss of 3.5%. The yellow metal's weekly decline was primarily driven by a firm U.S. dollar and ongoing expectations that the Federal Reserve will hold interest rates higher for longer to manage persistent inflationary pressures.
