Gold price falls to $3,943 per ounce

Gold prices have dropped significantly to their lowest level since November of last year, declining by up to 1.8% to $3,943 per ounce. This comes amid geopolitical unrest between the United States and Iran, the impact of a rising dollar, and interest rate hikes. Additionally, gold has recorded losses of around 25% since the start of the U.S. war against Iran in February, with the precious metal continuing to face pressure due to ongoing tensions and the strength of the U.S. dollar.

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