Gold Prices Decline as Dollar Rises

Business

London: Gold prices declined on Tuesday, affected by a stronger dollar as market participants awaited details of the second day of US-China trade talks in London. Spot gold fell 0.6% to $3,307.22 per ounce by 05:02 GMT.

According to Yemen News Agency, US gold futures experienced a decrease of 0.8%, settling at $3,327.50 per ounce. The rise in the dollar's strength has been a significant factor influencing the gold market, as investors closely monitor ongoing trade discussions between the US and China.