Gold prices decrease by 2 percent
Gold prices declined by 2%, marking their lowest level in more than two weeks. The spot price fell to approximately $3,989.66 per ounce, while U.S. gold futures dropped by 1.4% to around $3,994.10. Other precious metals such as silver, platinum, and palladium also decreased between 2.2% and 3.1%. This decline occurs amidst reduced demand and a rising dollar. It is worth noting that gold prices had experienced fluctuations in recent months prior to this recent drop.
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