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flag Gold dropped below $5,000/oz on profit-taking, despite inflation and geopolitical concerns.

flag Gold prices fell over 1% on Monday, dropping below $5,000 an ounce to around $4,986, as traders took profits after a recent rally fueled by mild U.S. inflation data and strong speculative demand. flag Thin trading volumes due to holiday closures in the U.S. and China contributed to volatility. flag Despite expectations of future Federal Reserve rate cuts, gold’s path to higher levels remains uncertain without a sustained drop in the U.S. dollar. flag Silver, platinum, and palladium also declined, while geopolitical tensions between the U.S. and Iran added context but did not significantly shift markets.

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