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


© Reuters. Gold drops 2% to its lowest level in 4 months after strong US data


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)

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