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Gold prices fell to their lowest levels in nearly a week on Monday as investors preferred the dollar to a safe haven as the spread of the mutated delta strain of the Corna virus could dampen the global economic recovery.
And gold fell 0.4% in spot trades to $ 1,804.60 an ounce (one ounce) at 7:16 a.m. GMT, after falling to its lowest level since July 13 at 1801.46. $.
US gold futures fell 0.6% to $ 1,804.10.
The dollar rose 0.2% to its highest level in more than three months against other major currencies, making gold more expensive for holders of other currencies.
Many countries, especially in Asia, are struggling to bring the highly contagious delta strain of the coronavirus under control and have been forced to take lockdown measures.
As for other precious metals, silver fell 1.1% to $ 25.37 an ounce, palladium rose 0.3% to $ 2,638.44 and platinum fell 0.8% to $ 1093.40.
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