Gold prices fell to the lowest level during the current year during trading yesterday, Tuesday.
According to Reuters, the spot price of gold fell 1.1% to $ 1273.91 an ounce, after earlier falling to its lowest level since December 27 At $ 1272.70.
US gold futures fell 1.1 percent, to settle at $ 1,277.20.
"It is likely that we will see more pressure on gold in the next two days, especially with the release of corporate results, which is," said Bob Haberkorn, chief market strategist at RGO or Futures. The stock market will remain strong, adding that gold is also under pressure due to strong Chinese data and a better-than-expected US jobs report last week.
Referring to the strong appetite for riskier assets, stocks on Wall Street rose with support from more than expected business results announced by health-care giants, which boosted Momentum in global stocks thanks to Chinese data and improved sentiment in Germany.
The dollar also rose, increasing the cost of the yellow metal over the holders of other currencies.
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