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Gold prices are falling globally with the strength of the US dollar

Gold prices are falling globally with the strength of the US dollar

Gold prices fell globally on Wednesday, from their highest level in nearly 5 months in the previous session, as a slight rise in bond yields affected the safe-haven metal while strong US economic data pushed it back to riskier assets.

Gold prices are falling globally with the strength of the US dollar Gold prices fell globally on Wednesday, from their highest level in nearly 5 months in the previous session, as a slight rise in bond yields affected the safe-haven metal while strong US economic data pushed it back to riskier assets.


The price of the precious metal futures contract for August delivery was $1898.50 an ounce, down 0.34% or $6.50.


And the spot price of gold decreased by 0.22%, equivalent to $4.10, to record $1,896.34 an ounce.


At that time, the US dollar index, which measures the performance of the green paper against a basket of 6 major currencies, rose by 0.18% at 89.983 points.

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