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Gold trends downward near 7-month low

Gold trends downward near 7-month low

Gold prices continue to decline, approaching their lowest levels in over seven months, amid the strengthening dollar and expectations of a U.S. interest rate hike. The price of an ounce dropped to around $3,986 after hitting its lowest point since November 2025, with forecasts of the Federal Reserve responding by raising interest rates later in the year.

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