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Gold declines as USD recovers

Gold declines as USD recovers

Mubasher: Gold prices dropped to a two-week low on Tuesday, as the dollar rose against major currencies.

The precious metal retreated below the level of $1,200 per ounce, amidst concerns of a trade war between the United States and China.

Gold futures foe December delivery decreased by 0.6% to $1,199.10 per ounce, losing around $6.7, settling at its lowest level since 23 August.