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Author name: Emirates 24|7

Gold Slumps 5% To Year’s Lowest Level Amid Rate Hike Fears

date Mar 23, 2026

gold prices plunged more than 5% on Monday, extending a decline to their lowest levels in 2026. the sell-off comes as escalating conflict in the Middle East stokes inflation fears and bolsters expectations for global interest rate hikes.

Source: emirates247.com

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