The
Global Precious Monthly Metals Index (MMI) dipped 0.7% for this month’s index value, as gold prices have continued to slide.
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Gold price dips below $1,700/oz
Amid economic uncertainty and turbulence, many turn to traditional safe-haven assets like gold.
However, the gold price has been on the decline since August.
The gold price reached an August peak of $2,035 per ounce. The price fell below $1,800 around Thanksgiving before recovering to around $1,950 at the start of the year.
Since then, gold has come back down, falling to $1,698 per ounce on Monday.