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This comes as there is fears of a historic decline in US Treasury yields over the long term, which could herald a global recession.
At 7:32 am GMT, gold was down 0.2% to $ 1,512.45 an ounce. US gold futures dropped 0.3% to $ 1,523.
"Benjamin Lu, Analyst at Philip Futures," said Benjamin "We are seeing a movement towards security, market confidence is a bit fragile, we are seeing signs of weakness in the economy and a slowdown in the second half of this year , supporting gold ".
The yield curve is activated US bonds For the second consecutive trading session, Thursday. The reversal of the yield curve, which historically indicates an imminent recession, has led to a massive rush to safe haven assets.
Fears of a global recession have dominated financial markets around the world as equities plunged to their lowest level in more than two years, suggesting a fall. "The Wall Street Journal".
Economic data from China and Germany highlight the weakness of the global economy, which is suffering from the worsening of the trade war between China and China.United StatesAnd the separation of Britain from EU And geopolitical tensions.
Markets are waiting for retail data in the US for a future date, which could indicate the strength of the world's largest economy.
For other precious metals, silver fell 0.4% to $ 17.15 ounce, platinum 0.1% to $ 841.50 ounces and palladium from 0.6% to $ 1,432.64.
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This comes as there is fears of a historic decline in US Treasury yields over the long term, which could herald a global recession.
At 7:32 am GMT, gold was down 0.2% to $ 1,512.45 an ounce. US gold futures dropped 0.3% to $ 1,523.
"We are witnessing a movement for security," said Benjamin Low, an analyst at Philip Futures.
The yield curve for US bonds tumbled for a second consecutive trading session on Thursday. The reversal of the yield curve, which historically indicates an imminent recession, has led to a massive rush to safe haven assets.
Fears of a global recession dominated financial markets around the world as equities fell to their lowest level in more than two years, reflecting a decline in the Wall Street Journal.
Economic data from China and Germany reveal the weakness of the global economy, affected by the worsening of the trade war between China and the United States, the secession of Great Britain and the United States. Britain vis-à-vis the EU and geopolitical tensions.
Markets are waiting for retail data in the US for a future date, which could indicate the strength of the world's largest economy.
For other precious metals, silver fell 0.4% to $ 17.15 ounce, platinum 0.1% to $ 841.50 ounces and palladium from 0.6% to $ 1,432.64.
