Gold declines to less than $2,000 after the dollar's decline stopped

November 22, 2023 (QNA) Gold prices fell today to less than $2,000 as the dollar stabilized after its decline over the past few days, in light of expectations that the Federal Reserve (US Central) has reached the end of the monetary tightening cycle.

Gold in spot transactions fell 0.1 percent to $1,996.79 per ounce, after reaching its highest levels in three weeks to $2,007.29 in the previous session. US gold futures also fell 0.1 percent to $1,998.80.

The dollar consolidated against other major currencies after falling to its lowest levels in two and a half months in the previous session.

Regarding other precious metals, silver rose in spot transactions 0.3 percent to $23.79 per ounce, and the price of platinum stabilized at $931.34, while palladium fell 0.6 percent to $1,072.35.