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Metals: gold down

21/05/2024
Source : ORISHAS-FINANCE
Categories: Raw materials

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Due to the strength of the US dollar, the gold price fell on Tuesday. Gold is moving away from a record high reached in the previous session

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Spot gold was down 0.6% at $2,410.73 per ounce, at 0335 GMT, after reaching a record high of $2,440.49 on Monday. US gold futures fell by 1% to $2414.00. The dollar rose by 0.1%, making green-priced bullion less attractive to buyers with other currencies

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Spot silver fell 1.5% to $31.35 per ounce after reaching the highest level in over 11 years during the last session. Platinum lost 1.1% to $1,035.15, after reaching the highest level since May 12, 2023 on Monday. Palladium fell by 1.8% to $1,008.91

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