Gold prices drop globally and lose $ 8



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Direct: Gold prices fell on Tuesday as the yellow metal lost more than 13 dollars with gains in equities and the US currency.

The yellow metal lost its significant gains, which exceeded US $ 18 in trading, with strong gains from the US stock market, where the industrial sector "Dow Jones" jumped more than 400 points.

This decision came after Washington announced the postponement of the imposition of tariffs on certain imports from China in mid-December and also removed certain goods from the list of proposed duties.

Investors have turned to safe haven earlier in the debate about the political and economic uncertainty around the world in the face of unrest in Hong Kong and political concerns in Argentina.

Economic data now reveals that the US consumer price index rose 0.3% last month.

At 1650 GMT, the price of gold futures for December delivery fell 0.4% to 1510.80 dollars an ounce, losing more than 6 dollars after touching 1546, $ 10 an ounce earlier in the negotiations.

The yellow metal ended the session yesterday with $ 9 while he feared a slowdown in economic growth.

The spot price for the yellow metal fell 0.6%, or $ 8.40, to settle at $ 1502.53 an ounce.

During the same period, the dollar index, which tracks the performance of the currency against the six major currencies, increased by 0.3% to 97,720.

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