Gold Prices Expected to Trade Between $3,800-$4,200 per Ounce Amid Oil Price and Inflation Pressure

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According to Jin10 Futures on July 13, Hong Kok Wah, general manager of Go Capital Growth Sdn Bhd, forecasted that gold prices are expected to fluctuate between $3,800 and $4,200 per troy ounce, or 450 to 520 Malaysian ringgit per gram, amid rising international oil prices and inflationary pressures. The analyst noted that recent oil price increases have put pressure on precious metal prices.
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