26 C
New York
Friday, November 1, 2024

Gold turns lower as dollar rises

Gold turns lower as dollar rises

The price fell gold In spot transactions, it rose 0.2 percent to $2,736.28 per ounce by 1755 GMT. Prices fell 1.5 percent yesterday, Thursday, with some traders selling to take profits after the precious metal recorded its highest level ever at $2,790.15.

US gold futures were largely stable at settlement at $2,749.2.

Jobs in non-agricultural sectors increased by 12,000 last month, affected by unrest caused by two hurricanes and a strike by company workers. Boeing.

The dollar compensated for its previous losses and rose 0.4 percent, while standard ten-year US Treasury bond yields also rebounded from a previous decline, reducing the attractiveness of gold, which does not generate a return.

The FedWatch tool showed that economists expect 100 percent of it to be cut US Federal Reserve Board Interest rates by 25 basis points next week.

Opinion polls indicate that the US presidential election race is tight between candidates Donald Trump and Kamla Harris on November 5.

As for other precious metals, silver fell in spot transactions 0.7 percent to $32.42 per ounce, platinum rose 0.3 percent to $990.45, while palladium fell 0.4 percent to $1,101.25.



Source link

Stay Connected

0FansLike
0FollowersFollow
0SubscribersSubscribe

Latest Articles