[Gold Prices Close Below $4,000 Due to Stronger Dollar and Rate Hike Expectations] Reported by Golden Finance, on June 25, gold prices plunged sharply, extending the previous trading day's decline. The stronger dollar and growing market expectations that the Federal Reserve may raise interest rates later this year dampened investor sentiment. Gold futures prices in the New York market fell 3.4%, closing at $3,990.30 per ounce, marking the lowest closing price since November last year. Prices of other precious metals also declined. The dollar rose against a basket of currencies today, making dollar-denominated commodities more expensive for overseas buyers.