Svmuu reported that gold prices continued to fall due to the strengthening of the U.S. dollar and concerns over tighter monetary policy, with spot gold dropping over $100 during the session.
Analysts at IG said: "The market still expects that major central banks may need to raise interest rates again if energy prices remain high." (Jinshi Data)
Source: Gold Prices Fall Due to a Stronger Dollar and Interest Rate Concerns
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