Gold dips to 7-month low
Gold prices have declined significantly, falling to their lowest level in more than seven months, due to a strong dollar and expectations of U.S. interest rate hikes this year. The spot price of gold decreased by 0.2% to reach $3,993.33 per ounce, while futures contracts steadied at $4,008.30. Other precious metals also experienced declines, with silver dropping to $57.37, platinum decreasing by 0.8% to $1,566.25, and palladium rising slightly by 0.4% to $1,171.25.
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