Gold drops as dollar peaks
Gold prices declined significantly during Wednesday's trading, reaching their lowest levels in two weeks amid a strong U.S. dollar and expectations of an interest rate hike by the Federal Reserve this year. The price of gold futures fell by 1.11% to $4,103.30 per ounce, while spot prices dropped by 0.73% to $4,087.08. Meanwhile, investors continue to assess the tensions between the United States and Iran and their impact on global markets.
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