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Gold prices fell below $2,000

April 18, 2023

Gold prices fell below the level of two thousand dollars an ounce today, amid pressure from the rise of the dollar and the rise in bond yields, while investors await the course of interest rates in the United States. Spot gold fell 0.6 percent to $1,990.58 an ounce, after rising 0.6 percent earlier in the session, while US gold futures fell 0.6 percent to $2,003 an ounce. The dollar index rose 0.6 percent, making gold priced in the US currency less attractive to buyers abroad, and Treasury yields rose to their highest levels in two weeks. As for other precious metals, silver fell in spot transactions by 1.2 percent to $25.03 an ounce, while platinum increased by 0.5 percent to $1,050.14, as well as palladium, by 2.8 percent, to $1,544.81.

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Arab Desk

Arab Desk

The Arab Desk leads The Eastern Herald's reporting on the Middle East and North Africa. The desk has covered the Gaza-Israel war since October 2023, the Iran-Israel war of 2025-2026, the fall of the Assad government in Syria, Hezbollah's political and military shifts in Lebanon, the war in Yemen, and the diplomatic realignment of the Gulf states under the Abraham Accords and the Saudi-Iranian rapprochement.

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