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Gold dips before key rate decision

Gold dips before key rate decision

Gold and silver prices declined noticeably today, Tuesday, as investors awaited a potentially controversial decision from the Federal Reserve regarding interest rate hikes. Gold prices are approaching the key support level of $4,000 per ounce, having lost about a quarter of their value since the war began five months ago, due to rising energy costs and inflation pressures. The precious metal is under pressure amid expectations of an interest rate increase, despite easing tensions in the Middle East and resumed talks with Iran. This highlights the prevailing uncertainty ahead of the Fed's expected decision tomorrow.

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