Gold falls below the maximum of 5 weeks with the dollar rising - Sky News

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At 6:48 GMT, the spot spot price of gold fell 0.2 percent to $ 1235.31 an ounce, after reaching its high from October 26th to $ 1241.86 an ounce. in the previous session, gold Futures futures in the United States increased by 0.5% to $ 1240.7 an ounce.

Brian Lan, managing director of Gold Silver Central in Singapore, said:gold Driven by the US dollar fundamentally .. The price movement of today gold It's a correction because yesterday's prices were a bit high. "

The dollar index, which measures the strength of the greenback against a basket of six major currencies, has risen by about 0.2 percent, but the currency remains under pressure due to concerns about economic growth due to the decline in Treasury yields.

The yield on the 10-year Treasury benchmark has fallen to its lowest level since mid-September, while the difference between the 10-year yield and the two-year yield has fallen to its lowest level since the onset of the financial crisis in January 2008, signaling some investors to a slowdown in the US economy.

Meanwhile, palladium dropped 0.3 percent in the spot business at $ 1229.92 an ounce, close to the price of a yellow metal after reaching its all-time high on Tuesday.

Silver fell 0.4 percent to $ 14.46 an ounce and platinum fell 1 percent to $ 795.40 an ounce after reaching the lowest level from September 17th to $ 787.5 first in the session.

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At 6:48 GMT, the spot spot price of gold fell 0.2 percent to $ 1235.31 an ounce, after reaching its high from October 26th to $ 1241.86 an ounce. in the previous session, gold Futures futures in the United States increased by 0.5% to $ 1240.7 an ounce.

Brian Lan, managing director of Gold Silver Central in Singapore, said:gold Driven by the US dollar fundamentally .. The price movement of today gold It's a correction because yesterday's prices were a bit high. "

The dollar index, which measures the strength of the greenback against a basket of six major currencies, has risen by about 0.2 percent, but the currency remains under pressure due to concerns about economic growth due to the decline in Treasury yields.

The yield on the 10-year Treasury benchmark has fallen to its lowest level since mid-September, while the difference between the 10-year yield and the two-year yield has fallen to its lowest level since the onset of the financial crisis in January 2008, signaling some investors to a slowdown in the US economy.

Meanwhile, palladium dropped 0.3 percent in the spot business at $ 1229.92 an ounce, close to the price of a yellow metal after reaching its all-time high on Tuesday.

Silver fell 0.4 percent to $ 14.46 an ounce and platinum fell 1 percent to $ 795.40 an ounce after reaching the lowest level from September 17th to $ 787.5 first in the session.

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