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Gold Falls Below $1,950 an Ounce

M. Ali 20 August, 2020 11:19 pm Commodities, Market Update

Gold prices declined on Thursday, after the most recent meeting minutes by the United States Federal Reserve hinted at potentially further easing in monetary policy.

The yellow metal’s decline comes despite the Dollar index (DXY) returning to the downward trend, on the back of an increase in jobless claims in the US.

Gold futures for December delivery fell by $23.80, or 1.2%, to settle at $1,946.5 per ounce.

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