Gold suffers largest monthly drop since 2008
Gold prices fell by more than 1%, marking their biggest monthly loss since 2008, due to rising expectations of US interest rate hikes and the impact of the strong dollar on the precious metal. The price of an ounce dropped to $3,956.92, with expectations of further monetary tightening in the United States and a reduction in the investment value of gold. It is also anticipated that gold prices will fluctuate between $3,500 and $4,400 during the second half of the year.
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