Gold declines over 1 percent
Gold prices have fallen by more than 1.5%, as rising oil prices heightened fears of inflation and expectations of an interest rate hike by the U.S. Federal Reserve. The spot price per ounce reached $4,223.95, while futures contracts declined to $4,257.90. The increase in bond yields and oil prices reflects the challenges facing the gold market, with inflation remaining a top concern for investors.
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