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Gold Settles Lower for Second Day amid Uncertainty

M. Ali 22 September, 2020 11:44 pm Commodities, Market Update

Gold prices declined on Tuesday for the second consecutive session, amid a rebound by the US Dollar (USD).

This comes amid increasing uncertainty regarding the COVID-19 pandemic, with some European countries re-imposing restrictions and lockdowns to combat the spread of the virus.

Gold futures for December delivery lost $3, or 0.2%, and settled at the level of $1,907.60 per ounce.

This is the lowest closing level for the yellow metal futures since July 24.

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