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Gold drops to lowest level amid rising oil
Gold prices fell today, Tuesday, September 29, 2026, reaching their lowest levels in more than seven weeks, due to concerns that the Federal Reserve may continue to keep interest rates high. This decline reflects the impact of expectations of interest rate hikes on demand for gold as a safe haven, as rising interest rates have pressured the price of the yellow metal. It is expected that prices will continue to fluctuate amid ongoing economic tensions and US monetary policies.
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