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Commodities

Dollar Strength Hurts Gold and Silver as US Imposes Drone Tariffs

Guavy AI Editorial Team
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International gold and silver prices closed lower on Thursday.

On the New York Mercantile Exchange, gold futures for December delivery dropped 1.05% to settle at $4,420.40 per ounce, while silver futures for September delivery slipped 1.08% to close at $64.993 per ounce.

U.S. President Donald Trump signed a proclamation on Thursday to impose tariffs ranging from 10% to 100% on imported drones and their components due to national security concerns.

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