LONDON (Reuters) – Down gold prices Today, Thursday, after the dollar rose and data showed a significant decline in jobless claims in the United States, ahead of a report on inflation that may affect the Federal Reserve’s monetary strategy.
And the price of gold in spot transactions fell 0.2 percent to $ 1778.11 an ounce by 15.28 GMT, while US futures fell by half a percent to $ 1775.90.
The number of Americans filing for unemployment benefits fell to its lowest level in more than 52 years.
The dollar rose during the day, reducing the attractiveness of gold to buyers in other currencies.
After the release of the US consumer price report on Friday, the Federal Reserve will hold a meeting on December 14 and 15.
The price of gold is moving in a narrow range between 1760 and 1790 dollars an ounce since it fell last month below the support level of 1800 dollars, while investors are cautiously assessing the pace of the Federal Reserve reducing stimulus measures and raising interest rates.
As for other precious metals, the price of silver in spot transactions fell 1.8 percent to $21.99 an ounce. Platinum fell 1.6 percent to $941.41 and palladium fell 4.6 percent to $1,770.93.
And the price of gold in spot transactions fell 0.2 percent to $ 1778.11 an ounce by 15.28 GMT, while US futures fell by half a percent to $ 1775.90.
The number of Americans filing for unemployment benefits fell to its lowest level in more than 52 years.
The dollar rose during the day, reducing the attractiveness of gold to buyers in other currencies.
After the release of the US consumer price report on Friday, the Federal Reserve will hold a meeting on December 14 and 15.
The price of gold is moving in a narrow range between 1760 and 1790 dollars an ounce since it fell last month below the support level of 1800 dollars, while investors are cautiously assessing the pace of the Federal Reserve reducing stimulus measures and raising interest rates.
As for other precious metals, the price of silver in spot transactions fell 1.8 percent to $21.99 an ounce. Platinum fell 1.6 percent to $941.41 and palladium fell 4.6 percent to $1,770.93.
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