Gold drops as oil prices rise
Gold prices declined amid increasing fears of interest rate hikes in the United States following the release of a strong jobs report, with the spot price falling to $4,313.11 per ounce and the new U.S. contract dropping by 0.7 percent. Meanwhile, oil prices rose by more than two dollars per barrel, with West Texas Intermediate reaching $92.64 and Brent crude at $95.42 per barrel.
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