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Gold Settles Lower as USD Strengthens

M. Ali 24 March, 2021 12:52 am Commodities, Market Update

Gold prices declined on Tuesday to their lowest level in more than a week, amid a rise by the U.S. Dollar (USD).

The Dollar Index (DXY), which measures the greenback’s performance against a basket of six major international currencies, is up by 0.67% at 92.36.

Gold futures for April delivery declined by $13, or 0.8%, and closed at $1,725.10 per ounce.

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