Open Demo Account
Home / Market Update / Commodities / Gold Settles Lowers as Trade Concerns Ease

Gold Settles Lowers as Trade Concerns Ease

M. Ali 25 August, 2020 11:31 pm Commodities, Market Update

Gold prices finished lower on Tuesday, for the second consecutive day, as the remarks by US and China top trade officials eased concerns about a trade war between the world’s two largest economies, thus, lowering demand for safe havens.

However, the US Dollar’s (USD) decline provided some support for the yellow metal.

Gold futures for December delivery decreased by $16.10, or 0.8%, and settled at $1,923.1 per ounce.

Tags

Check Also

Gold Pulls Back as Dollar Strengthens Amid Cautious Fed Outlook

Gold retreated on Friday after a strong rally earlier in the week, slipping from recent …

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