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Gold falls to two-week low at $4,417
Gold prices dropped to their lowest level in about two weeks, reaching $4,417.04 per ounce, after the Federal Reserve Chairman hinted at the possibility of raising interest rates to ease inflation pressures. This led to a market decline, with spot gold falling by 0.8%, and futures contracts decreasing by 1.4%. Other precious metals also declined, with silver dropping to $66.10, platinum reaching $1,797.03, and palladium at $1,386.96.
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