On Thursday, gold fell to a minimum of six months, as investors sold assets in the physical market, and there was a growth in the dollar against the backdrop of increasing expectations of an increase in the interest rate of the Federal Reserve System, finversia.ru wrote. The dollar rose to the basket of major currencies to a maximum since July 2017 after the Fed rate hike, as well as in anticipation of future rate increases this year. The price of gold at 13:25 Moscow time fell to 1 thousand 262 dollars 98 cents per troy ounce from 1 thousand 267 dollars 70 cents per ounce at the closure of trading on Wednesday. Gold futures in the US fell 9 dollars 90 cents to 1 thousand 264 dollars 70 cents per ounce. The stocks of the ETF SPDR Gold Trust has fallen by 5% to 26 million 645 thousand ounces since the end of April.
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Gold prices rose earlier on Tuesday morning in Asia on the back of renewed hope as the U.S. and the Europe pledged on additional stimulus packages. In the U.S., another round of stimulus measures is underway in Congress, as previous stimulus ...
Gold prices traded lower in Asia on Friday morning amid hopes for COVID-19 vaccines from the U.S. and U.K. bolstered investor appetite. Sentiment was further boosted with the European Central Bank (ECB) signaling that it may leave interest ...
Gold prices were down slightly on Wednesday in Asia, losing gains made in a previous session. However, the safe haven asset’s losses remained limited as COVID-19 worries mounted on top of worsening U.S.-China relations. Gold futures ...