Gold remains near 7-month low
Gold prices declined today, reaching their lowest levels in more than seven months, amid the ongoing strength of the dollar and increasing expectations of a U.S. interest rate hike. The spot price of gold dropped to $3,985.89 per ounce, while the August US futures contracts fell to $4,001.60. Other precious metals saw limited gains, with silver and platinum decreasing, while palladium rose.
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