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Gold prices slipped June 17 as the US dollar rose.
Gold prices slipped June 17 as the US dollar rose. Spot gold declined $8.28 to hit $1,381.06 an ounce, Reuters reported.
Gold futures for August delivery also shed more than $4 to $1,383.70 an ounce on the COMEX in New York, according to Bloomberg. The drop in prices for the precious metal came after gold gained 0.3 percent last week. However, for the past 100 days, gold futures trading volume is 60 percent lower than average.
Strong US retail sales and job market data have also impacted gold prices. Investors remain cautious in anticipation for the Federal Reserve meeting June 18 and 19, Reuters reported.
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