Gold prices eased slightly on Monday as the dollar held near a one-week high on worries over an escalation in trade conflicts between the United States and other countries. A firmer US currency makes dollar-priced gold more expensive for holders of other currencies, potentially sapping consumption. Safe-haven demand for gold has this year been overshadowed by the metal's relationship with the greenback.Gold prices are down about 8 percent this year against a backdrop of rising US interest rates, trade disputes and the Turkish currency crisis, with investors parking their money in the dollar. For Any More Information Please Visit : www.dollaradvisory.com and Call : 9111179961
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Gold prices eased slightly on Monday as the dollar held near a one-week high on worries over an escalation in trade conflicts between the United States and other countries. A firmer US currency makes dollar-priced gold more expensive for holders of other currencies, potentially sapping consumption. Safe-haven demand for gold has this year been overshadowed by the metal's relationship with the greenback.Gold prices are down about 8 percent this year against a backdrop of rising US interest rates, trade disputes and the Turkish currency crisis, with investors parking their money in the dollar. For Any More Information Please Visit : www.dollaradvisory.com and Call : 9111179961
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