Gold Dips Below $5,000 per Ounce

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Gold and silver prices are falling during trading on March 16, according to data from the Comex exchange.

The price of the April gold futures contract was down by 1.3%, reaching $4,995 per ounce. Meanwhile, silver futures prices dropped by 4.4%, settling at $77.775 per ounce. This decline is attributed to concerns over accelerating inflation in major world economies, driven by the conflict in the Middle East.