Gold Near Its Lowest Level in a Week on Rising Risk Appetite

Gold prices fell on Thursday, July 22nd, to near the lowest level in more than a week, under pressure from a stronger dollar and rising risk appetite, while investors awaited the European Central Bank’s meeting scheduled for today.

By 05:14 GMT, the spot price of gold was down 0.2% to $ 1799.18 an ounce, after hitting its lowest level since July 12 at $ 1793.59 the previous session.

US gold futures fell 0.2% to $1,799.20 an ounce.

Regarding other precious metals, silver prices fell 0.3% to $25.15 an ounce, palladium rose 0.5%, to $2667.44, and platinum fell 0.3% to $1,076.91 an ounce.