Gold Prices Hits Lowest Level in Nine Months

6 months ago
Gold prices weakened in Tuesday trade to its lowest level in nine months, while the dollar strengthened ahead of the crucial U.S. inflation data release. Spot gold prices fell to $1,722.36 per ounce during early trade on July 12, the lowest since Sept. 30. It later recovered and was trading at around $1,734 by 5:16 a.m. EDT. Gold futures were trading at $1,730 per ounce as of 09:14 a.m. EDT. Meanwhile, the U.S. dollar was trading near a new 20-year high hit on Monday, which made gold more expens...
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