Gold drops 2% to $4,178

Gold prices declined by 2% in global trading, reaching $4,178 per ounce, amid market volatility influenced by movements in global interest rates and the strength of the US dollar. This decrease is attributed to profit-taking and market anticipation of central bank policies, as gold continues to serve as a safe haven amid economic and geopolitical uncertainties. Market fluctuations are expected to persist with the release of new economic data that will shape future trends.

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