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Gold prices fell on Thursday with the rising dollar and confidence in the stock markets after the latest positive development of trade talks between the US and China, but fears of a slowdown in Global growth has kept prices at their highest level in recent years.
The money has also dropped, like gold, after reaching its highest level in more than two years.
The spot gold price fell 0.77% to $ 1,527.00 an ounce at the end of the session, which was not equal to the highest since April 2013, of $ 1554.56 the ounce reaches Monday.
Futures on US gold fell 0.8% to settle at $ 1,536.90 an ounce.
Gold has risen about 8% since the beginning of August, which could be the best month for the precious metal since June 2016, the fragile feeling with respect to the global economy has stimulated the demand for gold as a safe haven.
Among other precious metals, silver fell 0.5% to 18.24 dollars an ounce after jumping earlier in the session to 18.65 dollars, its highest level since April 2017.
Platinum rose 1.7% to 915.89 dollars an ounce, while palladium rose 0.36% to 1474.33 dollars an ounce.
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