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Gold prices fell sharply on Tuesday as the dollar was appreciated against other major currencies.
This follows the announcement by US President Donald Trump to reach an agreement on the ceiling on public debt and the US budget with House Speaker Nancy Pelosi.
On Tuesday, the price of gold dropped $ 5.20, or 0.4%, to settle at $ 1421.70 an ounce in August.
The agreement between Trump and Pelosi on the public debt ceiling and budget for the next two years allows the US Treasury Department to regulate its short-term borrowings and build up a cash balance after a fall to around 195 billions of dollars in April.
Silver rose $ 0.065 to $ 16.476 an ounce in September, while copper lost $ 0.0220 to $ 2.7 thousand a pound in September.
Date: 2019-07-24
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