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Gold falls from record high
The article focuses on the fourth consecutive session of falling gold prices, driven by rising oil prices that have sparked inflation concerns. Investors are also closely watching the upcoming Federal Reserve meeting to determine the path of interest rate hikes. The increase in oil prices has narrowed the expectations for interest rate hikes, which has eased the pressure on gold, despite forecasts indicating a high probability of a rate increase in December—up to 90%. Additionally, the stability of the dollar index and expectations that the chances of a rate hike are decreasing are supporting the decline in gold prices, as markets prepare to analyze US inflation data next week.
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