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There is a downward trend in the dollar

On November 6 , the dollar index showed a downward trend. However, analysts predict that the weakness of the dollar is unlikely to last long until sometime in 2020, when the global economic recovery and the 2020 presidential election are likely to put pressure on the dollar.

The Dollar Is Strong And Forceful!

In early trading on November 5th, international spot gold traded at $1506.80 an ounce. Overnight gold prices concussed all the way back, mainly affected by a stronger dollar, gold prices hit a low of $1504.26 an ounce. For the time being, gold prices have continued to fluctuate, earlier accelerating to a relatively low of $1505.89 an ounce.