Strengthening dollar pressures gold prices
The dollar is supported by positive statistics, with Durable Goods Orders, excluding defence goods, in the US rising by 3% in May and consumer confidence nearly reaching its 18-month high.
The dollar is supported by positive statistics, with Durable Goods Orders, excluding defence goods, in the US rising by 3% in May and consumer confidence nearly reaching its 18-month high. New home sales also saw an impressive 12.2% growth. The strengthening dollar is putting pressure on gold's price.
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