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Gold prices fell more than one percent today, Monday, to their lowest level in nine months, with the rising dollar and US Treasury yields remaining high, reducing the attractiveness of the precious metal.
Gold fell 1.14% in spot trades to $ 1,681.40 an ounce at the end of trading, its lowest level since June 8.
And US gold futures fell more than one percent to record on settlement at $ 1,678.00 an ounce.
The dollar surged to its highest level in more than three months, while US Treasury yields for ten years stabilized near the highest level in most.
Among other precious metals, platinum rose 1.2% to $ 1,143.20 an ounce, while palladium fell 0.99% to $ 2,315.20 an ounce and silver fell. 0.16% at $ 25.15 per ounce.
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