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Egypt News Forex news / growth of the dollar pushes gold down



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Gold prices registered a significant drop on Tuesday as the dollar appreciated against other major currencies.

This is the result of US President Donald Trump's announcement that an agreement on the upper limit of public debt and the US budget with House President Nancy Pelosi will be reached.

On Tuesday, the price of gold fell by $ 5.20 in August. 0.4% to 1421.70 USD per ounce.

The agreement between Trump and Pelosi on the public debt ceiling and the budget over the next two years allows the US Treasury Department to arrange its short-term borrowing and set up the monetary balance after falling to approximately $ 195 billion in April.

In September Silver increased by $ 0.065 to $ 16,476 per ounce, while copper decreased by $ 0.0220 to $ 2.7000 for delivery in September.
Date: 2019-07-24

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