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Gold falls due to the rise of the dollar before the US jobs report

Adel 6 August, 2021 12:27 pm Commodities, Market Update

Gold fell on Friday, August 6, to stay near the important level of $1800 an ounce, as it came under pressure from the stronger dollar as investors awaited the US jobs report for indications on the Federal Reserve’s stance on policy.

And gold fell in immediate transactions 0.3% to $ 1799.46 an ounce, and is heading towards recording the worst weekly performance since mid-June.

US gold futures fell 0.4% to $1,802.507

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