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Gold down to week's low, USD up

  • Regular
  • FX Market
  • 1 month ago
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Gold headed for its lowest point for a week as the greenback gained strength and investors jumped on to the global stock rally.

Spot gold retreated by 0.2% to $1,243.27 per ounce and U.S. gold futures fell by 0.2% to $1,247.50 per ounce.

Boosting gold was the positive sentiment on risk as the trade standoff between Washington and Beijing begins to ease.

The next date to watch for investors is December 18 and 19 when the Federal Open Market Committee is expected to discuss interest rates for the upcoming year.

 

 

Source: Smart Trend team