Thu, 16 Sep 2021 16:12:21 GMT
USD strength beats down Gold prices
At mid-day on Wednesday, the price of gold started a decline, which by the middle of Thursday's European trading had extended by more than 3.00% when the commodity price hit the $1,750.00 level.
The decline was attributed to the continuous strengthening of the US Dollar.
Namely, on Wednesday at 12:30 GMT, the Empire State Manufacturing Index came in at 34.3