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Gold prices fell more than three percent today “Monday” to their lowest level in more than a month, with the dollar rising as pressure on the precious metal increased due to doubts about additional stimulus measures from the United States Federal Reserve.
Among other precious metals, silver fell 9.4 percent to $ 24.25 an ounce, its lowest level in more than a month, and gold on the spot market fell 3.4 percent to 1,882.69. dollars an ounce, its lowest level since Aug. 12, before cutting its losses. At 2.2 percent at $ 1,906.90 at the end of the trading session.
And gold in US futures contracts fell 2.4 percent to $ 1,910.60 an ounce.
The US dollar index rose 0.4%, increasing the cost of holding for holders of other currencies.
Investors await the words of members of the Reserve Board, including Jerome Powell, who will appear before Congressional committees this week.
Gold’s slide came despite European stocks falling to their lowest level in two weeks in light of rising Covid-19 cases in Europe, prompting some countries to impose new isolation measures. and darkened prospects for recovery.
Silver trimmed some of its losses in recent trading to $ 24.45 an ounce, but is still down 8.65 percent, while platinum fell 5.36 percent to $ 878.04 an ounce. Palladium fell 3.94 percent to $ 2,264.10 an ounce.
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