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Gold prices declined today, Wednesday, due to the rise in the value of the US dollar after the Federal Open Market Committee indicated the possibility of raising interest rates at least once this year. Gold fell by 0.9% to reach $4,292.67 per ounce, while futures decreased by 1% to $4,311.70. The committee kept interest rates in the range of 3.50% to 3.75%, with expectations suggesting they could reach 3.8% by the end of 2026, reflecting the likelihood of a 25 basis point rate hike. Gold prices were also affected by optimism over a potential agreement between the United States and Iran and by a decrease in fears of an inflation wave in the energy sector, which diminished the yellow metal's appeal as a safe haven.
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