Gold Falling as Investors Wary to Delay The US Stimulus

Gold fell Thursday, December 10, after heavy selling in the previous session, with the uncertainty continuing regarding the long-running fiscal stimulus negotiations in the United States.

Gold fell in the spot market 0.2% to $ 1835.40 an ounce, after falling by as much as 2.5% on Wednesday. Gold futures in the United States settled at $ 1839.20.

Investors are now awaiting the European Central Bank’s monetary policy decision, due out at 12:45 GMT, and it is expected to unveil new monetary stimulus measures. They are also awaiting the weekly US jobless claims data, due out at 13:30 GMT.

As for other precious metals, silver fell 0.6% to $ 23.79 an ounce, while platinum fell 0.2% to $ 999.21, and palladium rose 0.8% to $ 2,283.73.