Gold Prices Dip Near Two-Week Low Amidst Profit-Taking and Market Correction
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Gold Prices Dip Near Two-Week Low Amidst Profit-Taking and Market Correction

Gold prices edged near a two-week low as investors engaged in year-end profit-taking following a period of record highs. Spot gold saw a slight rebound after a significant dip, while silver and platinum also pulled back from their all-time peaks. This correction follows a strong rally driven by expectations of Federal Reserve rate cuts, geopolitical tensions, and robust central bank demand. The U.S. dollar's strength also contributed to making gold more expensive for foreign buyers.

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