Gold hits three-week low as stronger dollar, inflation fears weigh

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Gold prices have fallen to their lowest levels in over three weeks, with spot gold at $4,304.01 per ounce according to Reuters. A stronger U.S. dollar and rising inflation concerns have been cited as key factors behind this decline. U.S. Treasury yields and oil prices trending upwards are also placing pressure on gold, a non-yielding asset. Market participants are closely monitoring upcoming U.S. jobs data and Federal Reserve rate expectations.

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