Falling Gold Prices: A Current Trend

Prices for the precious metal fell in today’s trading on Thursday, and the decline occurred in light of the growth of the dollar on world markets.

By 11:01 Moscow time, gold futures fell 0.18% to $2,032 an ounce, and metal spot contracts fell 0.25% to $2,015.73 an ounce.

The decline in the yellow metal comes after an extended bullish wave as gold rose 3.4% over the previous three trading sessions.

Global markets see gains in the dollar index, which measures the value of the US currency against a basket of currencies. The dollar index edged up slightly ahead of the nonfarm payrolls announcement, with the dollar index gaining 0.3%. up to 101.92 points.

Source: Prime + Bloomberg.

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