Gold drops 2% to its lowest level in 4 months after...

LONDON (Reuters) – It fell 2 percent to its lowest level in four months during trading on Monday after better-than-expected data on corporate activity in the United States and optimism about progress in vaccines to prevent Covid-19 disease, which boosted hopes for a faster economic recovery and motivated investors. To go towards higher risk assets.

It fell to $ 1832.51 an ounce at 1615 GMT, its lowest level since July 21.

And US gold futures fell 2.17 percent to 1831.60 dollars an ounce.

It fell 2.6 percent to $ 23.51 an ounce. Platinum fell 2.8 percent to $ 919.23 an ounce.

(Wajdi Al Alfi prepared for the Arabic newsletter)

Disclosure of risks: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn’t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.