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Gold prices fall over 4 percent
Gold prices in the global market have declined for the fourth consecutive week, falling below the $4,000 per ounce mark. This decrease is attributed to the strengthening of the dollar and expectations of a faster pace of U.S. interest rate hikes to curb inflation. Analysts anticipate that the price correction will continue in the long term, as pressures persist due to ongoing monetary policy tightening.
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