Gold Prices Dip As Recession Fears Fade ...Middle East

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Gold Prices Dip As Recession Fears Fade
source : OILPRICE ( Middle East ) () 14
The price of gold has weakened in the face of a strong US dollar, with investor sentiment shifting away from the precious metal as hopes of avoiding a recession rise. It has started trading this week at $1,910 per ounce, falling by $30 per ounce in one week. It neared $2,000 per ounce last month. The prospect of interest rates rising again in September combined with more appeal for riskier investment strategies means that gold’s appeal as a safe haven asset has diminished. Fragile investor confidence has enabled gold to hold above…

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