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Gold falls 4 percent to 4113
Gold prices have sharply declined by 4%, reaching $4,113 per ounce, amidst a widespread drop in the precious metals markets. This decline is attributed to rising energy costs and expectations of tightening U.S. monetary policy, which led to the strengthening of the dollar and a decrease in gold's appeal as a store of value. This drop follows a deterioration in global markets and investors’ anticipation of future interest rate trends.
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