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Gold plummeted to its lowest level on Thursday, as the dollar rallied after comments from Federal Reserve Chairman Jerome Powell, confirming expectations of further rate hikes. US interest this year. ($ US) and the dollar
Spot gold fell 0.4% to $ 1222.35 an ounce at the end of the US session after hitting a low of 1211.08 $, Its level since July 2017.
Contracts dropped From US gold for delivery in August, 0.3% to settle at $ 1224 ounce
Among the Other precious metals, spot silver fell 1.5% to $ 15.30 an ounce after falling to $ 15.13. Platinum fell 0.9% to $ 805.90 an ounce after falling earlier to $ 788, the lowest since December 2008.
Palladium fell 3.8% to 871, $ 90 an ounce after reaching its lowest level since July 2017 at $ 859.50.
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