The Impact of Trade Talks on Gold Prices

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Gold prices today fell sharply in early morning trading in the US, as a strong US dollar 

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Concerns about inflation weighed on the market.Gold was down 1.5% to $1,874 an ounce by 9:30am, after earlier touching a low of $1,868.

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A stronger dollar makes gold more expensive for holders of other currencies.

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Concerns about inflation also weighed on prices, with US Treasury yields rising to one-year highs on Wednesday.

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Higher yields increase the opportunity cost of holding non-yielding bullion, and can also trigger selling by investors who have used gold as a hedge against inflation.

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Investors are also keeping an eye on developments in the US-China trade talks, after reports that Beijing is pushing back against some of Washington's demands.

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Gold prices are down sharply today as a strong US dollar and concerns about inflation weigh on the market.

Image Credit: Google 
Image Credit: Google 

The dollar index, which tracks the greenback against a basket of six major currencies, is up 0.4% at 93.37, close to a two-week high. 

Image Credit: Google 

A stronger dollar makes gold more expensive for holders of other currencies.

Image Credit: Google 

Concerns about inflation also weigh on prices, with US Treasury yields rising to one-year highs on Wednesday. 

Image Credit: Google 

Higher yields increase the opportunity cost of holding non-yielding bullion, and can also trigger selling by investors who have used gold as a hedge against inflation.

Image Credit: Google 

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