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Gold prices hit seven-month lows
Gold prices declined today, approaching their lowest level in over seven months due to the strength of the dollar and expectations of a U.S. interest rate hike. The spot price of an ounce decreased by 0.4% to $3,985.89, while August futures fell by 0.2% to $4,001.60. Other precious metals also saw declines: silver dropped to $57.33, platinum to $1,575.85, while palladium rose to $1,170.25.
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