Stronger Dollar, Profit-Taking Cause Gold to Retreat
Earlier this week, gold saw its price drop from a three-week peak as investors booked profits and a slightly stronger U.S. dollar weighed on prices. This comes as market participants continue to wait for clearer direction on America’s tariff policy and the outcome of upcoming discussions between Iran and the United States in Geneva. U.S. gold futures for April delivery closed at $5,176.30, which is about 0.9% lower, while spot gold saw its price drop to $5,158.24 an ounce, which represents a 1.4% drop. Gold wasn’t the only metal to see declines in its prices either. Spot silver also slid to $87.21 an ounce, which represents a more than 1% drop and came after it…