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DirectGold prices fell during Thursday 's session, but remain above $ 1,500 an ounce, as investors head for a profit taking after major gains in the market. 39, yesterday.
At 6:35 am GMT, the gold futures for December delivery fell 0.5%, or $ 7.10 an ounce, to $ 1,512.50 an ounce .
The price of this contract jumped from $ 35.40 to $ 1,519.60 an ounce during the session yesterday, the highest level of this decade, the most active since 2013.
The spot price of the yellow metal fell 0.07% to 1,500.05 dollars an ounce.
During this period, the dollar index, which tracks the performance of the currency against the six major currencies, was 97,568.
Tensions on the trading scene contributed to the rise in metal prices after the US introduced new tariffs on China last week.
Donald Trump said yesterday that his firm stance on China's behavior in global markets would ultimately benefit the US economy.
Yesterday also, the US President again called on the Fed to reduce interest rates. "The Fed should cut interest rates again and again more quickly and put an end to its now absurd quantitative tightening program."
Unemployed claims in the United States and wholesale stocks are due later in the day.
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