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Gold Prices and Market Overview:

Gold prices didn’t change much in Asia today. Traders are still thinking about the Federal Reserve meeting this week. They think interest rates in the U.S. will stay high for a while.

What’s Affecting Gold Prices:

• Less Safe-Haven Demand: Gold prices fell from their highest point in April. People aren’t as worried about problems between Iran and Israel anymore.
• U.S. Money Policy Matters: Gold prices can go down when the U.S. makes it harder to borrow money. That’s what traders are thinking about now.
• Strong Dollar: A strong dollar makes gold prices lower. This happened after a report said prices are going up faster than expected in the U.S.
• What People Think About Rates: People don’t think the U.S. will cut interest rates soon. They might wait until September or later.

How Gold’s Doing Now:

• Prices Today: Gold costs about $2,334.66 for one ounce. In June, it’s about $2,345.60 per ounce.
• How Gold Did This Year: Even though gold prices went down recently, they’re still higher than they were at the start of the year.

Other Precious Metals News:

• Platinum and Silver: Platinum went up by 0.6% to $930.05 an ounce. Silver went up by 0.3% to $27.613 an ounce.

What’s Happening with Copper:

• Copper Prices Rise: Copper prices went up to the highest they’ve been in two years. People think China will need more copper for building houses.
• Copper Prices Now: Copper costs $10,015.0 a ton. For one month, it’s $4.5962 a pound.

What’s Coming Up:

• China’s News: We’re waiting to see what China’s factories say about buying things. This can tell us if they’ll need more copper.
• The Fed Meeting: People are waiting to hear what the Federal Reserve says about interest rates. This will affect gold and other markets.

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