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Monday, October 3, 2022

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Gold Heads for Fifth Monthly Drop as Fed Stays Hawkish on Rates


Spot gold was little changed at $1,723.59 an ounce as of 9:17 a.m. in Singapore, and was down 2.4% for August. Prices fell to $1,720.45 on Monday, the lowest level since July 27. The Bloomberg Dollar Spot Index edged lower after rising 0.1% in the previous session. Silver and palladium dropped, while platinum was steady.





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