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Gold Tumbles Over 1% and Hits Week Lows

Gold Tumbles Over 1% and Hits Week Lows

Gold starts the week on a slide. The precious metal is down 1.02%, with the ounce at $1,858.46 and trading at one week lows.

Gold’s fall is being recorded at a time when investors are already thinking about this week’s US Federal Reserve meeting on monetary policy.

Also the more stable dollar against other rival currencies, making gold more expensive for holders of other currencies, is weighing on gold’s fall.

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