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Gold Closes at Lowest Level in Two Months

M. Ali 22 September, 2020 12:35 am Commodities, Market Update

Despite a decline in risk appetite among investors, gold prices plunged on Monday as the US Dollar (USD) registered large gains.

Gold futures for December delivery decreased by $51.50, or 2.6%, and settled at $1,910.60 per ounce.

Earlier today, the yellow metal futures were trading below $1,889 an ounce.

This is the lowest closing level for gold futures since July 24.

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