Gold drops below $4,000 per ounce
Gold prices have dropped significantly to $3,993.33 per ounce, marking the lowest level in over seven months. This decline follows a previous dip below $4,000 for the first time since November 2025, representing a 29% decrease from its peak in January. The downturn is attributed to the strength of the dollar and expectations of higher US interest rates this year. Meanwhile, other precious metals like silver and platinum have also declined, while palladium has seen a slight increase.
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