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Gold Hits 4 Month Low
Description
Gold plunged to a four-month low, falling 4.9% to $4,266/oz in London trading after posting its largest weekly loss in ~43 years. The metal is now down ~25% from its January peak of $5,594. Silver dropped 5.5%, platinum fell 7.2%, and palladium declined 2.1% as the dollar strengthened and markets priced in potential rate hikes.
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