Gold Down Below $ 2000

Gold fell below $ 2000 dollars an ounce on Wednesday, August 19th, while the dollar rose as investors awaited the minutes of the latest Fed meeting.

Spot of gold fell 0.4% to 1993.34 dollars an ounce by 05:05 GMT after hitting the highest level in a week at 2014.97 dollars an ounce on Tuesday. In US futures, gold lost 0.5% to $ 2002.40.

The dollar index rose 0.1% against its rivals after falling to its lowest level in two years in the last session. The rise in the US dollar increases the cost of gold for holders of other currencies.

As for other precious metals, silver increased 0.2% to $ 27.70 an ounce, while platinum lost 0.4% to $ 952.88 and palladium fell 0.8% to $ 2170.29.