Breaking News

03 Sep 2024

Gold prices drop for the third consecutive day

Gold prices recorded a decline during Tuesday's morning trading, marking the third consecutive session of losses, due to the recovery of the U.S. Dollar Index alongside a de-escalation of geopolitical tensions in the Middle East. In this regard, the performance of the U.S. dollar improved in major currency markets, leading to reduced demand for dollar-denominated metals, including gold, as the precious metal appeared more expensive for holders of foreign currencies other than the dollar

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