Gold experiences largest monthly drop since 2008
Gold prices declined significantly this month, recording their largest monthly drop since October 2008, with a 12.7% decrease since the beginning of June, due to expectations of a U.S. interest rate hike and rising inflation concerns. The precious metal also experienced a quarterly decline for the first time since 2024, amid higher energy prices, tensions in the Middle East, and ongoing expectations of three rate increases this year.
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