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Gold prices drop over 2% as firmer dollar, US rate outlook weigh

Gold prices tumbled over 2% on Monday. A stronger US dollar made the precious metal more expensive for global buyers. Higher energy costs fueled inflation worries, delaying anticipated interest rate cuts. Investors are now less hopeful for a June rate reduction. Silver, platinum, and palladium also saw significant declines.

Source :- Markets-Economic Times Read More

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