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Gold down on solid USD

Gold down on solid USD

Mubasher: Gold prices fell to its level in 2018 by the end of Wednesday’s trade, as the US dollar remained strong amidst growing fears of a trade war with China.

The precious metal futures for August delivery fell 0.3% to $1,274.50 per ounce, its lowest level since December 2017.

Meanwhile, spot gold was trading near 1,271.5 by the end of today’s session, decreasing by around 0.2%.