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Gold Prices Plummet Suddenly: US Impact Causes Sharp Drop in Gold Rates
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Gold Prices Plummet: US Impact Sends Rates Crashing to One-Month Low
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News18
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18-03-2026, 23:05
Gold Prices Plummet: US Impact Sends Rates Crashing to One-Month Low
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Gold prices have suddenly plummeted, reaching a one-month low, with silver also dropping significantly.
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Global gold prices fell over 3% on Wednesday, with spot gold dropping to $4,844 per ounce in US trading.
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The strengthening US dollar, rising international oil prices, and high interest rates are key factors driving the decline.
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US Federal Reserve's stance on interest rates and disappointing investor hopes for quick cuts are impacting gold's appeal.
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Despite Middle East tensions, the dollar's strength and interest rates have outweighed war fears, pushing prices down.
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