Gold plunged to its lowest level in more than two months on Thursday, hampered by the dollar's rise, while investors are concerned about the uncertainty surrounding additional stimulus measures to support the slowing economic recovery in United States.
Gold fell in spot transactions by 0.7% to 1,851.51 dollars an ounce by 5:53 AM GMT, to continue falling for the fourth session. And earlier in the session, the yellow metal reached its lowest level since July 22 at $ 1847.99.
US gold futures fell 0.8% to $ 1,853.10.
On the other hand, the dollar held on to its gains against most currencies on Thursday, after signs of an economic slowdown in Europe and the United States revived concerns about the repercussions of a second wave of HIV infections Corona.
The dollar traded at 1.656 against the euro today, just below the two-month high it hit on Wednesday.
and the consolidation of the dollar near the highest level in 9 months against the Swiss franc at 0.9236, as well as holding on to the gains it recorded in the previous session against the Japanese yen and 105.45 yen.
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The dollar rose this week after an increase in cases of corona in Europe and Britain, which undermined investor optimism about the progress in developing a vaccine.
It is likely that the dollar will continue its rise as a new increase in Corona cases in Europe has boosted the appetite for safe-haven demand, as policymakers at the Federal Reserve Board (the Central Bank) called US) the US government to provide more financial support.
(Amazon Fun Knowledge)
