Open Demo Account
Home / Market Update / Commodities / Gold falls due to the rise of the dollar before the US jobs report

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

Tags

Check Also

Is China Withdrawing From US Treasuries?

While Chinese investors are increasingly diversifying away from US Treasuries toward European and other assets, …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends