[ad_1]
DirectThe price of gold compounded its losses on Thursday and dropped about 12 dollars, while the demand for safe haven badets declined.
At 11:20 GMT, gold futures for December delivery fell 0.8%, or $ 11.90 an ounce, to $ 1,077.70 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 cash delivery price for the yellow metal decreased by approximately 0.3% to $ 1497.48 per ounce.
During this period, the dollar index, which tracks the performance of the currency against the six major currencies, stood at 97.593.
Global stock markets managed to recover and increase over the course of the day, and the Nikkei ended four down sessions.
US 10-year Treasury yields also rose from a three-year low.
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.
[ad_2]
Source link
