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By Ashitha Shivaprasad March 9 Reuters Gold Fell More Than 1% On Monday, Pressured By A Stronger Dollar And Expectations Of Higher Interest Rates As The Middle East Conflict Fuelled Inflation.
Day ago gold fell about 2% on monday against a stronger dollar, while higher oil costs fueled inflation concerns and dimmed prospects for near‑term interest rate cuts. Sank an iranian warship in international waters, while iran continued to fire missiles into several countries across the region and reportedly targeted critical energy infrastructure. Analysts said a stronger dollar and rising us yields.
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