Gold prices dipped on Wednesday, reaching their lowest point since June 11, as a stronger dollar, fueled by anticipated U.S. interest rate hikes, made the precious metal pricier for international buyers. Investors are also weighing mixed signals from U.S.-Iran peace talks, adding to market uncertainty. Meanwhile, Dubai's commodities exchange is set to launch a new gold contract to boost liquidity.
Gold prices dipped on Wednesday, reaching their lowest point since June 11. This decline is attributed to a stronger U.S. dollar, driven by expectations of Federal Reserve interest rate hikes, making gold more expensive for foreign buyers. Investors are also weighing mixed…
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