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Gold hits 3.5-month low
Gold fell on Friday to its lowest level since mid-July, reaching $3,980.40 an ounce in spot trading, down 1%, and heading for a monthly loss of 4.3%. The decline came amid rising oil prices and inflation concerns, after stronger-than-expected U.S. data bolstered expectations that the Federal Reserve would raise interest rates, reducing the appeal of non-yielding gold.
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