Precious Metals

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Did the US Dollar fluctuation impact the price?

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Gold, silver retreat as dollar strength caps post-Fed rebound - Kitco AM Report

Kitco NewsWire | Jul 31

(Kitco NewsWire) - Spot gold and silver prices are lower ahead of the North American market open Friday, as a firmer U.S. dollar, elevated Treasury yields and renewed oil strength pressured precious metals after Thursday’s post-PCE rebound. At the time of writing, spot gold was trading near $4,057.10 an ounce, down 1.11%, while spot silver was trading near $57.77, down 1.90% on the session.