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Gold is falling due to the rise of the dollar in the absence of US stimulus

2020-10-28T20:29:53.434Z

New York-SANA Gold fell by up to two percent and silver lost about six percent today amid investor demandNew York-Sana Gold fell by up to two percent and silver lost about six percent today, amid investors' appetite for the dollar in the absence of any indications of imminent US financial stimulus measures to ease the economic shock of the Covid-19 pandemic. According to Reuters, the spot price of gold recorded its lowest level since September 28 at $ 1869.21 an ounce, but later improved to $ 1879.



New York-Sana

Gold fell by up to two percent and silver lost about six percent today, amid investors' appetite for the dollar in the absence of any indications of imminent US financial stimulus measures to ease the economic shock of the Covid-19 pandemic.

According to Reuters, the spot price of gold recorded its lowest level since September 28 at $ 1869.21 an ounce, but later improved to $ 1879.03, while US gold futures fell 1.7 percent to determine the settlement price at $ 1879.20.

In other metals, silver tumbled to $ 23, its lowest level since the seventh of October, while platinum fell 1.4 percent to $ 866.66 an ounce, and palladium fell 3.5 percent to $ 2,249.04.

Source: sena

All business articles on 2020-10-28

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