12 Hrs
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Gold experiences biggest monthly drop since 2008
Gold prices declined by over 1.5% to reach $3,956.92 per ounce, marking a loss of 12.7% since the beginning of the month, making it the largest monthly drop since October 2008. This comes amid a diminished impact of geopolitical tensions and expectations of an interest rate hike by the U.S. to combat inflation. The precious metal is expected to record its first quarterly decline since 2024. Other metals, such as silver and platinum, also experienced quarterly and monthly losses.
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