Gold slips over 2% as dollar holds firm on Fed rate-hike expectations

Gold prices fell more than 2 percent on Tuesday, pressured by a firmer US dollar on expectations of Federal Reserve interest rate hikes this year, while investors assessed US-Iran peace talks. Stocks across the globe declined amid concerns over AI-related share valuations and as higher interest rates loomed. Crude fell 1 percent while the dollar held near a one-year high, making gold less affordable for buyers holding other currencies.

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