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Investors are anticipated to hunt down the assets safe the U.S. dollar, reducing the appeal of assets other secure gold.
The world gold price in the spot market closed down 1.8% to US$ 1.504 per ounce at the session of the trade earlier.
Even so, the price started to rise in trading this morning, despite the thin.
When this news was written, the price rose 0.26% to US$ 1.508 per ounce.
“(The withdrawal of the placement of the gold) begins with the strengthening of the U.S. dollar, which undercut the prices of metals and crude oil, the dollar seems to be a safe place,” said Managing Director of RBC Wealth Management's George Gero as quoted by Reuters.
Even so, he assesses the price of gold will still move up.
