Gold Slips Amid Ceasefire Hopes and Stronger Dollar

25.05.20

Gold prices dipped 0.5% to $3,213.35 per ounce on Tuesday, influenced by a strengthening U.S. dollar and optimism over potential ceasefire talks between Russia and Ukraine, which reduced demand for gold as a safe-haven asset. The dollar’s modest recovery made gold less appealing to non-dollar investors. Analysts suggest that easing…

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