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Gold prices fell by nearly 1 percent today, after the US Central Bank president announced that next year will witness more interest rate hikes.
And Reuters reported that the price of gold fell in spot transactions by 0.9 percent to $ 1791.23 an ounce, further retreating from the peak of more than five months that it recorded yesterday.
US gold futures fell 0.9 percent, to $1,802.10.
As for other precious metals, silver fell 2.7 percent to $ 23.24 an ounce, platinum fell 1.1 percent to $ 1017.25, while palladium fell 0.7 percent to $ 1903.18.
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