TOKYO -- Gold is losing its shine. The precious metal, whose price neared a record high at the onset of the war in Ukraine, has come back to earth in the second half of the year after a string of U.S. interest rate increases and a surge in the value of the dollar.
Gold has been on a downward price trend in 2022, reflecting the attractiveness of holding U.S. dollars instead
Market Spotlight
Gold loses shine amid rising interest rates and strong dollar
Inflation can still propel it higher next year, analysts say
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