‘Dollar dominance’ extends gold price slump to four days
A firmer dollar makes bullion more expensive for holders of other currencies
24 September 2020 - 11:45
Gold fell on Thursday to its lowest level in more than two months, crippled by a robust dollar, while investors fretted over uncertainties surrounding further stimulus measures to support a sluggish economic recovery in the US.
Spot gold was down 0.7% at $1,851.51 per ounce by 5.53am GMT, extending falls into a fourth session. Earlier in the session, it hit its lowest since July 22 at $1,847.99...
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