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Spot gold prices have fallen below $4,800, breaking through key support levels and signaling increased pressure from the dollar strength and rising bond yields. Investors are closely watching upcoming economic data and Federal Reserve statements for further clues on the future direction of gold.
Odaily Planet Daily reports that spot gold has fallen below $4800 per ounce, with a daily decline of 10.75%, retreating more than 15% from the record high of $5596 per ounce set yesterday.