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Gold price sinks below $1,800 to 2-month low

Feb 4, 2021

Source: https://www.mining.com/gold-price-sinks-below-1800-to-2-month-low/

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Gold price heads for largest yearly gain in a decade

Image: Generation Grundeinkommen.

Gold prices slipped on Thursday as both the dollar and US Treasury yields strengthened, while the markets still await clarity on the US fiscal stimulus measures.

Spot gold dropped below the $1,800/oz mark for the first time since late November, down 2.5% to $1,787.95/oz by 11:30 a.m. EST. US gold futures also declined 2.5% to $1,788.60/oz in New York.

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Image: Generation Grundeinkommen.

Gold prices slipped on Thursday as both the dollar and US Treasury yields strengthened, while the markets still await clarity on the US fiscal stimulus measures.

Spot gold dropped below the $1,800/oz mark for the first time since late November, down 2.5% to $1,787.95/oz by 11:30 a.m. EST. US gold futures also declined 2.5% to $1,788.60/oz in New York.

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