Gold Price Falls as Dollar and Bond Yields Rise

Gold prices have fallen by more than 25% from their record levels at the start of the year, due to a rising dollar and US Treasury bond yields amid anticipation of the Federal Reserve's monetary policy meeting minutes. The spot price of gold declined by 0.9%, reaching $4,127.30 per ounce, while US futures also fell by 0.7%. Investors are closely watching the expected release of the meeting minutes tomorrow to gauge the direction of interest rates, amid the possibility of lowering the probability of rate hikes to 56% in September.

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