The New York market's main gold futures contract fell for the first five days. Early gold prices rose moderately, but were suppressed by the dollar's rise, after a long period of low gold prices, and a short period of oil price rises, and eventually a small fall. While the price of gold is volatile today, the main reason for its fall is likely to be the rise of the dollar against the euro, which has weakened investment attractiveness. As of Monday 1:30 (Beijing time Tuesday 1:30 A.M.), the New York Mercantile Exchange Comex Department's August Gold contract fell 30 cents, closing at $940.70/ounce, down only 0.03%. The maximum value of the August contract for today is $943.20, with a minimum of $933.60. Gold prices rose by about 0.5% in total last week, the first in a week of trading in the past four weeks. In the New York market, the latest gold contract has fallen by about 3.9% since June.
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