Gold Falls As Dollar Recover

Dubai -Massader News

Gold prices fell on Wednesday as the dollar rose, and the price of metal futures for delivery in June fell by $ 8 and 0.6% to $ 1305.7 an ounce, according to a report published by Mubasher.

The spot price of precious metal fell by 0.6% to $ 1306.3 an ounce.

The main dollar index, which tracks the performance of the currency against six major currencies, rose by 0.2% to $ 93.345.

The US currency rose after US President Donald Trump announced yesterday his country’s withdrawal from Iran’s nuclear deal.

US producer price data is due to be released today.

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