Gold Falls to One-Month Low on Rate Hike Bets
Gold prices dropped to a more than one-month low on Monday. A sharp rally in oil and firm inflation data bolstered expectations for a Federal Reserve rate hike.
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Gold fell 0.8% to $4,312.59 per ounce on Monday, hitting a more than one-month low. The drop comes as an oil rally and firm inflation data boosted expectations of imminent monetary tightening.
