Gold faces over 6% monthly decline
Gold prices declined in today's trading, heading towards a monthly loss exceeding 6%, due to escalating expectations of a US interest rate hike and anticipation of inflation data to monitor the Federal Reserve's monetary policy path. The spot gold price fell by 0.2% to $1,170.63 per ounce, while futures contracts rose by 0.5% to $1,201.90.
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