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Gold prices decline worldwide amid concerns over interest rates and inflation

Gold prices decline worldwide amid concerns over interest rates and inflation

Global gold prices declined slightly, falling to approximately $4,036 per ounce after previously exceeding $4,100. This comes amid concerns over the ongoing rise in interest rates and global inflation, as well as the impact of rising oil prices and the reimposition of a maritime blockade on Iran. Gold prices were affected by market fluctuations, with analysts suggesting that sustained high interest rates could limit gains for the precious metal, as investors moved to profit from other metals.

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