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Gold drops to $4,300 to start week

Gold drops to $4,300 to start week

Gold prices continued to decline amid concerns over a potential interest rate hike in the United States after the release of a strong jobs report, with the spot price dropping to $1,431.11 per ounce and futures falling to $1,336.30. Meanwhile, oil prices rose due to tensions in the Middle East, increasing inflation worries.

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