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DirectThe price of gold fell for the first time in five sessions on Thursday, as the yellow metal lost more than $ 10, while 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 down sessions, European stock markets closed more than 1.5% and the Dow gained more than 300 points during the session.
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.
Gold prices have risen sharply in previous sessions and pushed it to exceed $ 1,500 per ounce at the highest level since 2013, due to the volatility of global stocks due trade tensions and fears of a slowdown in economic growth.
At the time of settlement, the price of gold futures for December delivery had dropped 0.7%, or $ 10.10, or $ 1509.50 an ounce, after hitting 1 $ 501 an ounce earlier in the session.
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 spot price of the yellow metal stabilized at 17:45 GMT, at 1,500.36 dollars an ounce.
During this period, the main dollar index, which tracks the performance of the currency against the six major currencies, was 97,518.
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