Gold declines 0.6% spot, 0.9% futures

Gold prices declined significantly today, Monday, dropping by 0.6% in spot transactions and 0.9% in futures. This was due to expectations of increased tightening measures from the U.S. Federal Reserve and signals from other central banks, which led to the dollar's rise. The price of an ounce fell to approximately $4,349.94 in the spot market, while the futures price decreased to $4,383.90. Silver prices also declined by 0.4%, whereas platinum and palladium experienced minor increases.

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