Gold falls 2% on dollar and rate hike worries
Gold prices fell by more than 2% today due to the strengthening dollar and expectations of a US interest rate hike. Investors are closely watching upcoming US personal consumption expenditure data. Additionally, other precious metals like silver and platinum also declined amid concerns about the impact of rising interest rates on global markets. Meanwhile, the dollar continues to rise due to the possibility of the Federal Reserve tightening monetary policy.
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