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Gold falls as trade war fears boost US dollar
Nada Ali Published in Amwal Al Ghad on 03 - 02 - 2025

Gold prices dropped by almost one per cent on Monday after reaching a record high in the previous session, due to a stronger US dollar amid concerns about a global trade war following President Trump's tariff actions.
Spot gold prices dropped by 0.44 per cent to $2,788.76 per ounce at 7:43 GMT, compared to the previous closing price of $2,801.
Meanwhile, US gold futures also decreased 0.41 per cent to $2,823.39, compared to Friday's closing of $2,835.
Attribution: Amwal Al Ghad English, Reuters
Subediting: M. S. Salama

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