Gold Prices Dip as USD Rebounds
Global gold prices continued their downward trend, with spot gold dropping by $11 to $2,736.5 per ounce, a decrease of $10.9 from yesterday morning.
The rebound of the US dollar exerted significant pressure on gold, causing the precious metal to lose 0.2% in a day after a 1.5% drop on Thursday. Consequently, the dollar regained its previous losses and climbed by 0.4%, making gold a less attractive option for investors.
The rebound of the US dollar exerted significant pressure on gold, causing the precious metal to lose 0.2% in a day after a 1.5% drop on Thursday. Consequently, the dollar regained its previous losses and climbed by 0.4%, making gold a less attractive option for investors.
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