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Gold falls on inflation and geopolitics
Gold prices declined today by 1.1%, reaching $4,042.43 per ounce, amid growing concerns over escalating tensions in the Middle East and their impact on inflation and rising interest rates. Additionally, the strengthening of the U.S. dollar has put additional pressure on the yellow metal. These changes come against the backdrop of tensions between the United States and Iran, as well as the potential for negotiations between the two parties in Qatar, which has led to notable movements in energy and gold markets.
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