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Gold prices fall to 7-month lows
Gold prices declined again, approaching their lowest levels in seven months, amid continued strength of the dollar and growing expectations of an increase in US interest rates. The spot gold price fell by 0.4% to $3,985.89 per ounce, while August futures contracts declined to $4,001.60. Other precious metals, such as silver and platinum, also saw decreases, while palladium prices rose slightly.
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