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Dollar Strength Weighs on Gold Prices Ahead of Fed Meeting

Guavy AI Editorial Team
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USD
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Gold prices fell by 0.5% to $4,056.03 per ounce due to a stronger dollar, making gold more expensive for holders of other currencies.

The US dollar held near a one-month high as traders weighed chances of a rate hike at the Federal Reserve's upcoming meeting, which is expected to hold interest rates steady.

President Donald Trump urged the Federal Reserve to lower interest rates, saying the US should have the lowest interest rate in the world.

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