Gold prices settle on $11 losses

Gold prices settle on $11 losses

Mubasher: Gold prices declined on Wednesday by $11, as the US dollar continued its rally against major currencies.

Trade war concerns are still dominating the market, however, gold as a safe haven is falling to capture more demand due to the rising USD.

The precious metal futures for August delivery fell 0.9%, or around $11, to $1,244.40 per ounce.

Meanwhile, spot gold price declined 0.9% to $1,243.85 per ounce.

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Source: Mubasher