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Gold prices decline by 2% amid market fluctuations
Gold prices dropped by 2% during the last session, leading to a noticeable decline in the precious metals market. This decline results from movements in the financial markets and changes in the value of the US dollar, with gold hitting its lowest levels in several weeks. The decrease is attributed to increasing expectations of a US interest rate hike, which has caused investors to move away from safe-haven assets, resulting in turbulence in the global gold market.
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