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Gold extends loss as prospect of U.S. rate hike looms

Gold extends loss as prospect of U.S. rate hike looms
Photo Credit: Arabianeye-Reuters

Cairo-Mubasher: Gold prices declined on Monday as the date of raising the U.S. interest rate approached.

At 11:15 GMT, gold fell 0.6% in London to $1096.1 per ounce.

The Federal Reserve is expected to raise the interest rate for the first time in nearly 10 years.