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Gold Slips as Hawkish Fed Remarks Boost US Dollar

Gold prices fell in range-bound trade as a stronger dollar and hawkish Federal Reserve remarks reinforced tightening bets. Spot gold dropped 0.9 percent to $4,314.37 per ounce while silver and platinum also declined.

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A shop attendant displays pairs of gold bracelets for Chinese weddings during a media preview of the Chow Tai Fook Jewellery Group flagship store soft opening, in Hong Kong, China, February 11, 2026. REUTERS/Tyrone Siu
Ingots of 99.99 percent pure gold in a workroom during production at Krastsvetmet precious metals plant in the Siberian city of Krasnoyarsk, Russia, June 16, 2026. REUTERS/Alexander Manzyuk

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