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Gold falls to the lowest level in two months

2019-10-01T09:26:21.638Z


London - Gold prices fell today near the lowest level in two months as it was pressured by the rise of the dollar while


London-Sana

Gold prices fell today near the lowest level in two months as it was pressured by the rise of the dollar while the stock markets rose.

The precious metal traded poorly in Asia, with spot gold falling 0.6 percent to $ 1462.86 an ounce, after falling to its lowest level since Aug. 6 at $ 1460.25 earlier in the session, and gold futures in the US futures fell 0.3 percent to 1468.90. Dollars an ounce.

The dollar index against a basket of six major currencies rose to its highest level in more than two years as investors awaited US manufacturing data for September to determine how far policymakers could go to boost growth.

For other precious metals, palladium, which supplies a deficit, rose 0.1 percent to $ 1,676.58 an ounce, after hitting a record peak of $ 1,700.71 yesterday.

Platinum rose 0.3 percent to $ 884.18 an ounce and silver fell 0.2 percent to $ 16.95 after hitting its lowest level since August 20 at $ 16.85 earlier in the session.

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Source: sena

All business articles on 2019-10-01

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