Gold prices witnessed a decline during trading Thursday, on the expectation of data on unemployment benefit in the United States of America.

Projections indicate that US jobless claims rise due to the outbreak of the Corona virus (Covid-19), after stimulating the US economy by $ 2 trillion, which creates a stampede. Towards liquidity among investors.

The US Senate supported by a majority a $ 2 trillion bill that aims to help unemployed workers and industries damaged by the spread of the Corona virus, as well as provide billions of dollars to purchase medical equipment Urgently needed.

On the impact of that news, gold prices fell in spot transactions from Thursday's session by about 0.8% to 1600.22 dollars an ounce, after it fell 1% Earlier in the same session.