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Gold prices drop

2021-07-19T09:21:45.626Z


 London, SANA- Gold prices fell today to their lowest levels in almost a week, as investors preferred the dollar amid


 London-Sana

Gold prices fell today to their lowest levels in almost a week as investors preferred the dollar amid concerns that the spread of the mutated delta strain of the Corona virus may dampen the global economic recovery.

Reuters reported that the price of gold fell in spot transactions by 0.4 percent to $1804.60 an ounce, after it fell to its lowest level since July 13 at $1801.46.

And US gold futures fell 0.6 percent to $ 1804.10.

The dollar rose 0.2 percent to its highest level in more than three months against other major currencies, making gold more expensive for holders of other currencies.

As for other precious metals, silver fell 1.1 percent to $25.37 an ounce, palladium rose 0.3 percent to $2638.44, and platinum fell 0.8 percent to $1093.40.

Source: sena

All business articles on 2021-07-19

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