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  • 13 hours ago
Gold plunged to a four-month low, falling 4.9% to $4,266/oz in London trading after posting its largest weekly loss in ~43 years. The metal is now down ~25% from its January peak of $5,594. Silver dropped 5.5%, platinum fell 7.2%, and palladium declined 2.1% as the dollar strengthened and markets priced in potential rate hikes.

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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Gold fell more than 8% at one point on Monday to a four-month low after posting its largest
00:07weekly loss in about 43 years, according to Reuters. Spot gold declined 4.9% to $4,266.47
00:17per ounce in Monday's London trading. The metal has fallen about 22% since February 28th and
00:23about 25% from its January 29th peak of $5,594.82. U.S. gold futures for April delivery dropped
00:326.7% to $4,267.50. The dollar and 10-year treasury yields rose, pressuring prices. Markets priced
00:42in potential rate hikes, while oil held above $110. Silver fell 5.5%, platinum dropped 7.2%,
00:50and palladium declined 2.1%. For all things money, visit Benzinga.com.

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