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Gold falls amid rate hike predictions

Gold falls amid rate hike predictions

Gold prices declined today, Monday, by 0.5% to $4,067.99 per ounce, amid expectations that the U.S. Federal Reserve Board will raise interest rates. Silver prices also fell by 1.1% to $58.49, while platinum saw a slight increase, and palladium decreased. The rise in interest rates and market pressures led to a decline in the precious metal.

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