The strong dollar is weighing on precious metals Thursday.
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Gold prices slumped on Thursday, with strength in the U.S. dollar contributing to the shiny metal’s drop below $1,700 an ounce to its lowest intraday level in nearly a year. Silver and platinum also hit fresh 2-year lows.
Price action
What analysts are saying
Analysts largely blamed the strong U.S. dollar, which has weighed on precious metals prices since gold peaked above $2,000 per ounce earlier this year.
The…
