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Bisnis.com JAKARTA – The gold futures contracts of the New York Mercantile Exchange's Comex division fell by more than 1% at the close on Monday or Tuesday morning, depressed by the strengthening of the US dollar. The August contracts on the Monday closed markets fell $ 12.80, or 1.02%, to settle at $ 1,241.70, the lowest price since December 2017.
The US dollar index measuring the strength of the greenback versus a basket of other major currencies rose 0.5% to 95.06.
Analysts have attributed the strengthening of the US dollar to the decline in the price of gold. The United States generally moves in opposite directions. As the US dollar strengthens, gold prices will decline as precious metals are traded in US dollars and will become more expensive for investors using other currencies
. 158.89 points, or 0.65%, to 24,112.52, due to growing tensions in trade relations between the United States and a number of other emerging economies.
Investors, particularly in Asia, quoted by Bloomberg, continue to Restrict Trade on Economic Growth
All the more so as the timing of imposition of duties on imported products from the United States is still high. other countries to the United States is due to start this Friday (6/7/2018).
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