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Gold dips to six-month low during rate hike worries

Gold dips to six-month low during rate hike worries

Gold prices fell to their lowest level in over six months, reaching $4,064 per ounce, amid concerns over interest rate hikes and increasing geopolitical tensions following American strikes on Iran and the escalation of the war in the Strait of Hormuz. This has led to rising oil prices and a rapid increase in inflation in the United States.

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