Publisher: Maaal International Media Company
License: 465734
Thursday, 17 April 2025
Gold slides as Dollar hit two-decade high
Gold prices fell on Monday as the US dollar rose to hit the highest in two decades in line with higher treasury yields and Chinese lockdown.
Spot gold prices fell 0.7% to trade at $1870.70 per ounce by 0817 GMT, while the US gold futures declined 0.8% to $1867.90 per ounce.
The US dollar index rose to 104.19, the highest since July 2002, gaining 9% year to date.
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