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Gold drops for fourth straight session
Gold price has declined for the fourth consecutive time due to rising oil prices and inflation concerns, as investors await the Federal Reserve's policy meeting next week. While expectations indicate that interest rate hikes will occur in December rather than October, ongoing inflation is pushing for more aggressive policies, putting pressure on gold prices and heightening market fears. The US dollar index has stabilized after recent losses, and market attention has shifted to upcoming US personal consumption expenditure data. Meanwhile, prices of other metals such as silver, platinum, and palladium are decreasing.
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