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Gold falls third day on US rate hike expectations
Gold prices have declined for three consecutive days, approaching $3,970 per ounce amid expectations of an interest rate hike in the United States. Federal Reserve officials have indicated the potential need to raise rates further to combat inflation. Meanwhile, gold prices fell by 14% in the second quarter, recording their worst performance since 2013, pressured by rising interest rates and fluctuations in the metals markets.
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