[ad_1]
DirectGold continued its losses on Thursday as investors had resumed risk appetite and reduced the demand for safe haven badets.
The precious metals market was put under pressure by the recovery of the global stock markets. The Nikkei ended four downswing sessions, European stock markets closed at more than 1.5% and the Dow gained more than 200 points in mid-term.
US 10-year Treasury yields exceeded yesterday's lowest level, meaning investors continue to move away from safe haven badets.
But the yellow gold has managed to somewhat reduce its losses following the tweet of US President Donald Trump indicating his rejection of the strength of the dollar and asking the Fed to reduce its interest rates.
According to economic data, the number of UI claims in the US declined more than expected last week.
At 16:34 GMT, gold futures for December delivery lost more than 0.7%, or $ 11.40, to $ 1508.20 an ounce, after hitting 1 $ 501 an ounce before.
The price of the yellow metal jumped $ 35.40 during the settlement of yesterday's session, the highest level of this decade, the most active since 2013.
The price of cash delivery for the yellow metal dropped by about 0.4%, or $ 6.15 at 16:44 GMT, recording $ 1495.01 an ounce.
During the period, the main dollar index, which measures the performance of the currency against the six major currencies, hardly exceeds 0.08%, to 97.468, after reaching 97.427 previously.
[ad_2]
Source link
