Gold closes lower for third straight day

2020-06-03 20:40:44 GMT (Economies.com)
Gold closes lower for third straight day

Gold futures fell on Wednesday, as investors shifted to stocks, and eschewed safe haven assets such as precious metals.

 

The dollar index fell against a basket of currencies by 0.4% to 97.3 points as of 19:56 GMT, after it hit a high of 97.6 and a low of 97.2.

 

Protests and civil unrest are continuing in the US, which came after the killing of an African-American citizen by a local policeman, which many saw as a racist incident.

 

ADP data showed that the US private sector has lost 2.76 million jobs in May, significantly lower than forecasts of -9 million jobs.

 

Gold August futures fell 1.7% or $29.2 to close at $1704.8 an ounce, with a day high of $1738.9 and a low of $1690.3.

 
 
 
  Symbol Last Change Chg.%
1.1246
-0.0031
0.2718%
1.2486
0.0178
1.4462%
Tadawul
7388.49
76.25
1.04%
18.047
0.268
1.507%
40.285
1.510
3.894%
42.80
-0.34
0.79%
1774.730
3.115
0.176%
 
 
Live Forex Updates