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Gold falls amid Middle East tensions
The price of gold declined to its lowest level in 11 weeks, falling by 1.8% to reach $4,187.59 per ounce. This drop was accompanied by a rise in the dollar and oil prices amid renewed tensions in the Middle East and escalating hostilities due to American violations of the ceasefire with Iran. Other precious metals, such as silver and platinum, also saw declines, as concerns over inflation and the ongoing increase in interest rates persisted.
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