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Gold stays below 4000, silver hits 57
Gold prices have fallen near their lowest levels in over seven months, dropping to around $3,986 per ounce, due to the strength of the dollar and expectations of an interest rate hike by the U.S. Federal Reserve. Silver prices also reached $57.33, while palladium saw an increase, and platinum declined. Traders expect the Federal Reserve to raise interest rates three times this year, with a higher likelihood of a decision in September, adding further downward pressure on gold.
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