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Gold prices fell today, heading towards their largest monthly loss since June 2021, with the decline in the attractiveness of the non-yielding metal, in light of expectations that the Federal Reserve will raise interest rates soon.
Reuters reported that the spot gold price fell 0.3 percent to $1811.74 an ounce.
US gold futures fell 0.4 percent to $1,817.30 an ounce.
Among other precious metals, silver fell in the spot market 0.2 percent to $ 20.58 an ounce, while platinum rose 0.1 percent to $ 939.33, and palladium increased 0.2 percent to $ 1432.84 an ounce.
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