Overnight, gold prices fell for a third day in a row, pressured by a sharp rise in the dollar as investors continued to flee safe-haven assets amid a decline in geopolitical uncertainty. Gold prices remained on track to suffer their longest losing streak in more than month as appetite for safe-haven investments continued to fade, underpinning a move higher in both the dollar and treasury yields. Dollar-denominated assets such as gold are sensitive to moves in the dollar – A stronger dollar makes gold more expensive for holders of foreign currency and thus, reduces demand.
Source: Investing
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