Gold prices have fallen in the international market on fears that the US Federal Reserve, the central bank, may increase interest rates further. At the same time, inflation concerns have increased as crude oil prices have exceeded $100, which has put pressure on the gold market.
Spot gold prices fell 0.2 percent to $4,37.29 per ounce at 2:02 am Bangladesh time on Friday (July 24). The price of gold had fallen about 2 percent the previous day. It is now down more than $130 per ounce compared to Wednesday`s two-week high.
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