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Gold price down 2% as precious metals make way for surging US dollar

Staff Writer | June 13, 2022 | 9:49 am Intelligence Markets USA Gold 

Gold experienced a sharp decline on Monday as the US dollar rallied on bets for steep interest rate hikes by the Federal Reserve, eroding investor appeal for the precious metal. Spot gold fell 2.0% to $1,832.76 an ounce by 12:30...

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