Gold rises to near 3-month high

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Gold prices rose to the highest level in nearly 3 months on Tuesday (November 15), due to a falling dollar, increasing the attractiveness of the precious metal.

Closing the session on Tuesday, the spot gold contract advanced 0.38% to 1,778.48 USD/oz. Gold futures are mostly flat at $1,776.8 an ounce.

A weaker dollar makes gold more attractive to buyers in other currencies. The USD Index, a gauge of the greenback’s strength against rival currencies in a basket of currencies, fell 0.1% to 106.42.

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