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Gold prices declined upon settlement amid the rise of the dollar
Gold prices recorded the third losses in 4 sessions when settling the trading session of Wednesday, the twenty-ninth of March, amid the gains of the dollar, and the fading of investors’ appetite for safe havens.
Upon settlement, gold futures fell by 0.3%, or $5.9, to $1,984.5 an ounce.
Gold's decline came as the dollar rose and concerns about the banking sector continued to recede.
"Risk appetite is slowly creeping into the market this week," said Jim Wyckoff, senior analyst at Kitco.com.
Investors are looking forward to the Personal Consumption Expenditure data due at the end of this week, which will provide more clues about the Fed's upcoming policies.
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