Gold's sell-off could pick up pace
The price of gold has fallen for the fourth week in a row. Since the beginning of February, the metal has lost over 5% of its value. This pressure comes in part from the strength of the US dollar, which is being supported by strong labour market data and stable inflation. This allows the Federal Reserve to continue raising interest rates. If the Fed's FOMC meeting notes confirm the regulator's hawkish sentiment, the price of gold could continue to fall.
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