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Gold faces biggest monthly drop since 2008
Gold prices declined by more than 1.5%, recording a loss of up to 12.7% since the beginning of the month, marking the largest monthly drop since October 2008, due to expectations of a US interest rate hike to curb inflation. Additionally, other precious metals also saw significant declines, with silver falling by 2%, platinum by 1.1%, and palladium by 0.4%.
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