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Gold nears two-week low

Gold nears two-week low

Mubasher: Gold prices declined on Tuesday and settled near its lowest level in two weeks, as the stocks markets are booming.

The precious metal fluctuated in the second trading session of the week, despite the US dollar falling to a month low.

Gold futures for December delivery went down by 0.1% to the level of $1,214.4 per ounce, after falling to $1,221.40 earlier in the session for the first time in two weeks.