Gold continued to fall on Tuesday (5/27) as the dollar strengthened and demand for safe-haven assets declined, with investors also weighing the prospect of improving trade relations between the U.S. and the European Union.
Bullion fell 1.5% as signs that Japan may be ready to adjust its debt issuance boosted global bonds and the U.S. currency. A stronger U.S. dollar makes gold more expensive for buyers in other currencies, while lower debt yields reduce the appeal of the non-interest-bearing precious metal.
Source: Newsmaker.id
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