Gold drops 0.37% to $4,355

The price of gold declined by 0.37%, reaching $4,355 an ounce, after a sudden drop of approximately $16 following the decision of the US Federal Reserve to raise interest rates by 25 basis points, marking the first increase since the beginning of 2023. Despite expectations of further decline, the metal gradually inched upward in the following days, demonstrating strong resilience amid ongoing geopolitical risks and tensions in energy markets, reflecting investors' continued preference for gold as a safe haven.

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