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Gold prices fall 1% as dollar jumps on hawkish Fed.

Gold prices fell 1% on Thursday, as the dollar rose sharply after the U.S. Federal Reserve increased interest rates by another 75 basis points and flagged more hikes.


  • Spot gold dropped 1% to $1,656.97 per ounce, as of 0114 GMT. U.S. gold futures fell 0.5% to $1,667.30.

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