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Gold faces largest monthly decline since 2008
Gold prices declined by more than one percent, marking the largest monthly drop since 2008, due to expectations of raising U.S. interest rates to combat high inflation. The price of an ounce fell to $3,956.92, recording a loss of 12.7% since the beginning of the month, continuing its decline for the fourth consecutive month. Meanwhile, other precious metals such as silver, platinum, and palladium also saw decreases, and are expected to record quarterly and monthly losses.
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