Gold falls near the lowest level in 3 weeks under pressure from the strength of the dollar

I retreated gold prices Again on Thursday, heading near a three-week low, pressured by the dollar’s continued rally amid speculation that the Federal Reserve will continue to tighten monetary policy aggressively and possibly lead to a recession, prompting investors once again to seek refuge in the US currency.

The dollar’s ​​successive gains caused gold bullion prices to fall by more than 20% from the highest price recorded last March, as the yellow metal usually has a negative correlation with the movement of the US currency.

Read also.. Expectations of gold rising above $2000 next year due to inflation