The recent tensions between the United States and China and betting on the Federal Reserve’s (BoC) confirmation of soft policies support the gold lure as a safe haven.
Gold in Spot Dealing rose 0.1% to $ 1943.14 an ounce by 7:05 GMT, but without a peak at $ 1980.57 an ounce, the decline is due To take profit sales.
Gold in US futures rose 0.2% to $ 1934.90.
Michael McCarthy of CMC Markets told Reuters: "A slight shift in the direction of the dollar may lead to exits from being creditors." They feel anxious, but there is no change in the underlying factors.
McCarthy added: There has been a sharp increase over the course of 8 sessions from $ 1,800 up to $ 1980, and such a rally in any market in such a short period of time makes it vulnerable to decline.
(Fun Knowledge of Knowledge)
