Gold closes lower as robust dollar weighs

Economies.com
2019-10-07 18:51PM UTC

Gold prices fell during the trading hours today, as US dollar rose against a basket of major currencies, which puts pressure on most commodities and metals prices.

 

The next trade talks round between the US and China will start in Washington, on next Thursday and Friday.

 

Amid hopes for a breakthrough between the two countries after President Trump's positive remarks.

 

Otherwise, President Donald Trump threatened Turkey to destroy its economy if it began military operations against the American-backed Kurdish forces in northern Syria.

 

As of 18:38 GMT, the dollar index rose by 0.1% to 98.9 points, with a high of 98.9 and a low of 98.7 points.

 

Gold futures for December delivery fell by 0.6% to close at $1,504.4 an ounce, with a session-high of $1518.8 and a low of $1,493.3.

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