on Wednesday, the price of the yellow metal fell below the level of $ 2000 an ounce, while the dollar rose as investors awaited the minutes of the latest meeting of the Federal Reserve (US Central Bank)
and spot gold fell 0.4% to 1993.34 dollars an ounce by 5:05 GMT this morning, after hitting its highest level in a week at 2014.97 dollars an ounce on the day Yesterday, Tuesday.
US futures gold lost 0.5%, down to $ 2002.40.
Margaret Young of Delifex told Reuters, "Gold is going down because the dollar is up slightly this morning." In the short term, the recovery of the US dollar may halt the bullishness of the dollar.
Yang added: Gold recorded a 3% gain in the past two days; What makes the yellow metal prices vulnerable to profit-taking.
The dollar index rose 0.1% against its rivals, after falling to a two-year low in the last session. The rise in the dollar increases the cost of gold for holders of other currencies.
(Amazon Fun Knowledge)
