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2026-07-01T07:00:36.000Z

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Gold declines after 2013's largest quarterly drop

Gold declines after 2013's largest quarterly drop

Gold prices declined today due to rising U.S. Treasury yields and a falling dollar, reaching their lowest level in seven months. Concerns over inflation and expectations of the Federal Reserve raising interest rates continue to pressure the market. The spot price of gold dropped by 0.7% to approximately $3,979 per ounce, with markets anticipating a possible rate hike in September amid geopolitical tensions with Iran that are also impacting the markets. Gold experienced its largest quarterly decline since 2013, as investors await U.S. employment data to better understand future price trends.

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