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The four-month decline in gold and silver could mean that their prices are nearing their bottom, and the precious metals are ready to rebound.
Gold prices start to trade lower against a much stronger dollar as the trade conflict between U.S. and China continue to escalate.
When the dollar receives an increase, gold plunges.
Adhik Maas contributed to the dip in the country's gold imports.
Located at Western Australia, the Bellevue Gold Project has produced more than 800,000 ounces of gold throughout its more than 100 years of operations.
Dow Jones experienced more lows than highs for the past three weeks. Gold and other precious metals were also under pressure.
The strength of the U.S. dollar and a bullish trading pushes for a higher price index of gold, closing near the $1,300 per ounce mark.
Australia might become the newest addition in the PGM sector upon discovering untapped local deposits filled with palladium, platinum, gold, and rhodium.
Following the implementation of VAT last January, the trade in the UAE dropped by 60 percent.
The white metal will outperform gold thanks to its low price.