Gold sinks below $1,900 on stronger dollar
The metal slips as a resurgent greenback prompts investors to reassess their positions after a record-breaking price rally
12 August 2020 - 07:58
Bengaluru — Gold fell below the $1,900/oz level on Wednesday as a resurgent dollar prompted investors to reassess their positions after a record-breaking price rally.
Spot gold declined as much as 2% to an almost three-week low of $1,872.19, resuming its free fall after a brief hiatus in early trade. It was down 1.1% to $1,889.59 by 3.30am GMT, extending losses after a 6% plunge on Tuesday...
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