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Gold falls on rate hike worries and market concerns
Gold prices declined today due to concerns over a potential increase in U.S. interest rates and global market tensions, with spot gold falling by 0.5% to reach $4,193.58 per ounce, marking an estimated weekly loss of 3.1%. The prices were also influenced by geopolitical developments, such as the possibility of rising interest rates and growing fears of inflation caused by higher energy costs. Meanwhile, other metals experienced mixed changes, with platinum rising by 0.7%, while silver decreased by 0.5%.
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