Gold falls over 3% to $4,170
Gold prices drop by more than 3% to reach $4,170 per ounce, driven by a strong dollar and rising Oil prices, amid expectations that U.S. interest rates will continue to increase. The decline comes amid sharp volatility in global markets and tensions in the Middle East, including the U.S. war on Iran, along with ongoing increases in oil prices and concerns about their impact on inflation and U.S. monetary policy. Additionally, other precious metals such as silver and platinum have fallen, amid intensifying military tensions and global market fluctuations.
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