Gold drops to 2023 low

GOLD fell to its lowest level so far this year overnight after strong US data increased the prospect of further interest rate rises.

Gold drops to 2023 low Gold drops to 2023 low Gold drops to 2023 low Gold drops to 2023 low Gold drops to 2023 low

Comex gold futures dropped nearly 1% to US$1847.40 an ounce, the lowest level since December 30, on a stronger US dollar.

Spot gold was trading at $1836/oz or A$2659/oz.

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