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Gold prices rebound after recovery yesterday
Gold prices fell again Tuesday, after gold gained during yesterday's session and recovered from its lowest level in five months. The decline is today despite a drop in the US dollar.
The dollar fell and yesterday's session closed down despite recording a five-month high against a basket of major currencies. This comes in the wake of selling to profit on dollar levels.
As for gold, it managed to rise and recover from its lowest level in five months yesterday, but the rise came within a specific range of trades to return today to the decline to remain trading sideways is the dominant movements of precious metal.
Asian stocks fell during today's trading, which would have supported the rise in gold prices, which are safe haven in the financial markets, but the future volatility of gold did not let them rise today.
Gold prices were trading at $ 1290.92 an ounce after hitting a low of $ 1289.91 an ounce and opened the day at $ 1292.87 an ounce reaching $ 1293.44 an ounce.
http://economy-news.net/content.php?id=12416
Gold prices fell again Tuesday, after gold gained during yesterday's session and recovered from its lowest level in five months. The decline is today despite a drop in the US dollar.
The dollar fell and yesterday's session closed down despite recording a five-month high against a basket of major currencies. This comes in the wake of selling to profit on dollar levels.
As for gold, it managed to rise and recover from its lowest level in five months yesterday, but the rise came within a specific range of trades to return today to the decline to remain trading sideways is the dominant movements of precious metal.
Asian stocks fell during today's trading, which would have supported the rise in gold prices, which are safe haven in the financial markets, but the future volatility of gold did not let them rise today.
Gold prices were trading at $ 1290.92 an ounce after hitting a low of $ 1289.91 an ounce and opened the day at $ 1292.87 an ounce reaching $ 1293.44 an ounce.
http://economy-news.net/content.php?id=12416
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