Gold hits 7-month low on policy fears
Gold prices have fallen to their lowest levels in seven months, amidst expectations of tightening monetary policy and rising U.S. Treasury bond yields, which have increased pressure on the precious metal. Prices declined by 0.7% to $3,979.41 per ounce, while U.S. gold futures dropped by 1.1%, amid ongoing concerns over rate hikes and the impact of a strong dollar on demand.
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