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Gold Declines Amid Stronger Dollar and Rising US Yields


Gold prices dropped on Wednesday as the dollar strengthened against most major currencies, accompanied by a surge in US Treasury yields.


Later today, significant US GDP growth data for the first quarter will be released.


Additionally, US personal spending data, the Federal Reserve's preferred inflation measure, will be published on Friday.


The dollar index increased by 0.5% to 105.1 as of 21:20 GMT, reaching a session high of 105.1 and a low of 104.5.


In trading, spot gold prices decreased by 0.9%, or $19.90, to $2,336.6 an ounce as of 21:21 GMT.

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