The decline in gold prices amid weak trading and a rising dollar

The decline in gold prices amid weak trading and a rising dollar

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Gold Prices Drop Amid Weak Trading and Strong Dollar

Gold prices fell today in global markets, influenced by reduced trading volumes in major Asian markets due to the Lunar New Year holiday, alongside pressure from the rising dollar.

Futures contracts for gold scheduled for April on the Comex platform dropped by 2.34% to reach $4,928 per ounce, while spot contracts declined by 1.59% to $4,912.61 per ounce.

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