Gold reaches 21⁄2-year low as dollar stands tall ...Egypt

Gold prices dropped to a new 21⁄2-year low on Monday, weighed down by a sturdy dollar and prospects of further interest rate hikes by the U.S. Federal Reserve to bring down inflation. Spot gold inched down 0.3 percent at $1,638.59 per ounce, as of 0053 GMT, after hitting its lowest level since (...)

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