2023-11-07T10:50:15+00:00
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/ Gold prices fell during these moments of trading, today, Tuesday, to the lowest level in almost a week with the rise in the dollar index and the slowdown in demand for the yellow metal as a safe haven.
Gold futures fell by 0.68% to $1,975 per ounce, while spot gold contracts fell by 0.46% to $1,969 per ounce.
Yesterday, Monday, gold prices fell at the settlement of transactions, with the rise in the dollar index and US bond yields.
Upon settlement, gold futures for December delivery fell by 0.55%, or $10.6, at $1,988.6 per ounce, after touching $1,986.7.
On the other hand, the dollar index rose by 0.25% to 105.30 points.
Investors are awaiting comments from US Federal Reserve officials, including Chairman Jerome Powell, for more clarity on interest rate expectations.
Today, Tuesday, the US dollar rose, with the decline in demand witnessed last week for currencies that involve more risks than others, while the Australian dollar fell after the Reserve Bank of Australia raised interest rates, but modified its outlook, which strengthened expectations that the cycle of raising interest rates had arrived. To its end.