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The price of gold fell on Thursday, nearing its lowest level in more than a week, under pressure from the rising dollar and renewed risk appetite, as investors waited for the Bank’s meeting European central scheduled today.
At 5:14 am GMT, the spot price of gold was down 0.2% to $ 1,799.18 per ounce (one ounce), after hitting its lowest level since July 12 at $ 1,793.59 per previous session.
US gold futures fell 0.2% to $ 1,799.20 an ounce.
“Gold prices are under pressure because the dollar is hovering around three-month highs and US stocks have rebounded for a second day, meaning traders are ignoring virus issues and trading again on a basis inflationary, ”said Margaret Yang, analyst at Daily FX. .
In other precious metals, silver fell 0.3% to $ 25.15 an ounce, palladium rose 0.5% to $ 2,667.44, and platinum fell 0.3% to $ 1,076.91 per ounce.
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