Gold falls as the dollar rises and unemployment claims decline in...

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.

These were the details of the news Gold falls as the dollar rises and unemployment claims decline in... for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.

It is also worth noting that the original news has been published and is available at saudi24news and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.

NEXT China’s factory activity stuns with fastest growth in a decade

Author Information

I am Jeff King and I’m passionate about business and finance news with over 4 years in the industry starting as a writer working my way up into senior positions. I am the driving force behind Al-KhaleejToday.NET with a vision to broaden the company’s readership throughout 2016. I am an editor and reporter of “Financial” category. Address: 383 576 Gladwell Street Longview, TX 75604, USA Phone: (+1) 903-247-0907 Email: [email protected]