Gold prices closed at $3,990.3, marking the lowest closing price since November of last year

According to Gate market data, gold prices have plummeted significantly, continuing the decline from the previous trading day, closing at $3,990.3 per ounce, marking the lowest closing price since November of last year. The strengthening dollar and the market's increasing expectation that the Federal Reserve may raise interest rates later this year have dampened investor sentiment. Gold futures prices in the New York market fell by 3.4%, and prices of other precious metals also declined.