Gold Prices Plunge As US Dollar Shows Might

Gold-Prices-Plunge-As-US-Dollar-Shows-Might

In the early session on Tuesday, the prices of yellow metal skidded as the US dollar exhibited its mighty colours. However, the reduction in gold prices was reduced by the uncertainty continuing due to the coronavirus.

The Gold futures slipped down to $1,931.45, a 0.14 per cent change at 5:37 AM GMT after hitting a peak $1,945.90 the day before. It seemed to continue its falling spree.

The robust dollar has triggered the fall supposedly. It spiked following the wait of traders on decisions by European Central Bank’s related to policy decisions due on Thursday. Besides, the heightened concerns on the price of Pound after the Brexit and statement of Boris Johnson, the UK PM resulted in it.

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