Gold Dropping After Trump Leaves Hospital

Gold prices fell on Tuesday, while stocks rose after US President Donald Trump left the hospital after being treated for the Corona virus, but the weakness of the dollar limited the gains.

Gold spot fell 0.1% to 1910.68 dollars an ounce, and yesterday it had recorded 1918.36 dollars, its highest level since September 22.

And gold in futures trading in the United States fell 0.2% to 1917 dollars.

Asian stock markets rose to their highest level in two weeks after news of the US president returning to the White House from the hospital where he received treatment for Covid-19 and hopes for a new US stimulus package.

But the weak dollar and the progress in talks on the stimulus package limited the decline in gold.

The dollar index fell 0.1% against its rivals, making the yellow metal less expensive for holders of other currencies.

In terms of other precious metals, silver fell 0.4% to $ 24.26 an ounce, platinum fell 0.3% to $ 893.97, and palladium lost 0.5% to $ 2,350.84.