Gold Falls to Two-Month Low Amid Strong Dollar and Rising Yields
Gold prices dropped to a two-month low as a robust US dollar and rising Treasury yields pressured the market. Spot gold fell 1.6% to $4,096.13 per ounce, with silver also declining significantly. The Federal Reserve's upcoming policy decisions on interest rates are expected to impact gold's attractiveness. Meanwhile, China's central bank maintained its long-term gold buying trend, influencing market dynamics.
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