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Gold Prices Fall As Dollar Rises

Dubai – (Massader News)

Gold prices fell on Tuesday and metal futures fell by 0.5% to $ 1272.3 an ounce, as the dollar and the US stock market rallied, according to a report published by Mubasher.

The spot price of precious metal fell by 0.5% to $ 1272.5 an ounce.

The US dollar rose against major currencies, and the US stock market began to recover, as European stocks rose in early trading today.

Investors expect the release producers  price data later today, according to Mubasher.

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