Gold declines from two-week high, dollar off early 2017 highs

2020-03-26 08:34:01 GMT (Economies.com)
Gold declines from two-week high, dollar off early 2017 highs

Gold futures fell in Asian trade off March 9 highs while the dollar index backed off January 2017 highs, ahead of important US GDP and trade data. 

 

As of 03:47 GMT, gold futures due in April slid 0.84% to $1,628.50 an ounce, while the dollar index slid 0.23% to 100.73. 

 

From the US, GDP growth rate is expected at 2.1% for the fourth quarter of 2019, while GDP prices are estimated up 1.3%. 

 

Unemployment claims for the week ending March 21 are expected up by 1,367 to a total of 1.648 million. 

 

US goods trade deficit is expected down to $64.5 billion, while wholesale inventories are estimated down 0.2%. 

 

The World Health Organization warned that kids can be infected with Covid 19 just like everyone else, calling for more stringent measures against the virus. 

 

Global cases rose to 417 thousand in 196 countries and territories, with the death toll mounting to 18,589. 

 
 
 
  Symbol Last Change Chg.%
1.0809
-0.0326
2.9264%
1.2267
-0.0188
1.5090%
Tadawul
6752.19
2.50
0.04%
14.417
-0.029
0.201%
28.815
6.987
32.012%
34.94
5.00
16.70%
1620.000
-0.150
0.009%
 
 
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