Spot gold fell nearly $20 in the short term, hitting a new intraday low at $3,979.09 per ounce, down about 0.7%. The decline was driven by persistently high expectations of Federal Reserve rate hikes and a rebound in the US dollar index, which is currently up 0.13% to around 101.30.
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Spot gold fell nearly $20 in the short term, hitting a new intraday low of $3,979.09 per ounce, a decline of about 0.7%. This is due to persistent expectations of Federal Reserve interest rate hikes and a rebound in the US Dollar Index. The US Dollar Index is currently up 0.13% to around 101.30.
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