Gold Prices Dip: Why Is The Precious Metal Falling?
Gold prices went south this week hitting the $2,150 level. The precious metal could slip further if the Commodity Markets fail to recover this week. The XAU/USD chart shows GOLD prices falling by nearly 4 points and dipping by close to 0.20%. This week has been harder for commodity investors as both GOLD and oil prices remained in the red. Also Read: US Dollar Trounces Gold & Other Local Currencies Source: Investing.com Brent Crude is down by 0.88 points leading it to slump more than 1%, as its price fell to $86.48 on Wednesday. In addition, crude oil dipped 1.14% losing its value by 0.94 points and falling to $81.76. Therefore, commodities like gold and oil are printing losses this week making investors lose money. So why are gold prices falling? In this article, we will highlight why gold and commodities like oil and gas are dipping in price. Also Read: Goldman Sachs Predicts the Future of the Cryptocurrency Market Why Are Gold Prices Falling? Source: Dai...