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Commodity: gold prices at their lowest level in more than four weeks

06/02/2023
Source : ORISHAS FINANCE
Categories: Raw materials

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Alors que le dollar américain strengthened after stronger than expected employment data fuelled concerns that the Federal Reserve Continuing to raise interest rates, the gold price reached its lowest level in more than four weeks on Monday, February 6, 2023.

After reaching its lowest level since Jan. 6 earlier in the session, spot gold was little changed at $1,865.88 per ounce at 0045 GMT. U.S. gold futures rose 0.2% to $1,879.40. The Dollar Index made gold less attractive for buyers holding other currencies, rising by 0.2%. Platinum fell 0.1% to $973.04 and palladium slipped 0.5% to $1,616.54, while cash silver lost 0.5% to $22.24 per ounce.

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