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Gold Prices Down for Third Day in Row

M. Ali 19 November, 2020 11:03 pm Commodities, Market Update

Gold prices continued to decline on Thursday for the third consecutive session, as the US Dollar (USD) rose against major currencies.

Positive news about a Coronavirus vaccine and fears about renewed lockdown measures against a new wave of the pandemic seem to be balancing out with the rise of the greenback leading to the yellow metal decline.

Gold futures for December delivery lost $12.40, or 0.7%, and finished at $1,861.50 per ounce.

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