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Gold drops over 3% below $4,000

Gold drops over 3% below $4,000

The price of gold fell by more than 3%, breaking the $4,000 level for the first time since November 2025, influenced by the strengthening dollar and expectations of an interest rate hike in the United States. The dollar's rise to its highest level in 13 months increased the cost of gold, amid expectations of possible rate increases by the Federal Reserve. Markets are also awaiting the release of U.S. inflation data to determine the monetary policy stance.

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