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Precious metals: the price of gold fell on Tuesday

23/05/2023
Source : ORISHAS FINANCE
Categories: Raw materials

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While investors are keeping their eyes on the U.S. debt ceiling saga, the price of gold fell on Tuesday, weighed down by a stronger dollar and optimistic remarks from some Federal Reserve members.

At 03:06 GMT, spot gold lost 0.4% to $1,962.06 per ounce. U.S. gold futures were down 6% to $1,965.70. Cash fell 0.5% to $23.55 per ounce, palladium lost 0.4% to $1,485.59, and platinum remained stable at $1,066.59

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