The price of gold drops before the G20 summit



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The price of gold drops before the G20 summit


US gold futures fell 0.2% to settle at $ 1,220.2 an ounce.

Source: Reuters

Gold prices fell on Tuesday, as the dollar stabilized, investors were waiting for signs of rising rates as the trade dispute between China and China worsened before the G20 summit.

At 0702 GMT, the spot gold price was down 0.1% to 1220.97 dollars an ounce.

US gold futures fell 0.2% to settle at $ 1,220.2 an ounce.

"Investors will not budge until the release of the Federal Reserve's minutes and increased visibility on the global trade dispute for the G20," ANZ analyst Daniel Haines said.

The dollar index has maintained its gains today, hovering near its highest level since Nov. 15.

Silver yielded 0.1% on spot transactions to reach $ 14,217 an ounce.

Platinum rose 0.3% to $ 842.2 an ounce, while palladium rose 0.2% to $ 1,143.77 an ounce.

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