Gold reaches two-week lows
Gold prices fell today to their lowest level in two weeks, as U.S. Federal Reserve Chair Kevin Worch indicated the possibility of raising interest rates to curb inflationary pressures. The spot price of gold declined by 0.8% to $1,417.04 per ounce, while U.S. futures contracts dropped by 1.4% to $1,466.80. Other precious metals such as silver, platinum, and palladium also experienced similar declines.
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