Open Demo Account
Home / Market Update / Commodities / Gold Falls Below $1,950 an Ounce

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.

Tags

Check Also

Only Slight Advance: Trade Threats and War Headlines Keep Greenback in Retreat

The US Dollar managed a modest bounce on Friday after sliding to its lowest point …

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