Gold prices dipped 0.5% to $3,213.35 per ounce on Tuesday, influenced by a strengthening U.S. dollar and optimism over potential ceasefire talks between Russia and Ukraine, which reduced demand for gold as a safe-haven asset.
The dollar’s modest recovery made gold less appealing to non-dollar investors.
Analysts suggest that easing geopolitical tensions and reactions to the recent U.S. credit downgrade are contributing to the pullback in gold prices.
Original Source: Reuters
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