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Gold prices slid further on Tuesday, falling to their lowest levels in more than a month, as U.S. Treasury yields and the U.S. dollar climbed following the release of official data showing a surge of sales by American retailers in July.
Price action
Market drivers
“Gold has been steadily declining since the middle of July and that bearish trend looks like it isn’t quite over as king dollar returns,” said Edward Moya, senior market analyst at OANDA, in emailed commentary.
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