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Gold falls below $1,800 as dollar stabilizes
2021-10-15 19:37:38 GMT
(Economies.com)
Gold prices fell on Friday, as the US dollar steadied against most major currencies, after the release of positive economic data, which pushed the metal below the $1800 barrier.
Data showed today that the US retail sales rose 0.7% in September, while analysts forecast a drop by 0.2%, and the core retail sales reading rose 0.8%, beating forecasts of 0.5%.
The Federal Reserve meeting minutes showed that the central bank's members discussed a plan to reduce asset purchases by $15 billion per month.
The dollar index held against a basket of major currencies at 93.9 points as of 19:55 GMT, after hitting a high of 94.07 points and a low of 93.8 points.
Gold spot prices rose 1.6% to $1,768.4 an ounce as of 19:55 GMT.
| Symbol | Last | Change | Chg.% | ||
|---|---|---|---|---|---|
|
|
|
1.1292
|
0.0049
|
0.4339%
|
|
|
|
|
1.3338
|
-0.0068
|
0.5042%
|
|
|
|
Tadawul
|
11299.45
|
-68.73
|
0.60%
|
|
|
|
|
23.648
|
-0.839
|
3.428%
|
|
|
|
|
74.176
|
-1.674
|
2.207%
|
|
|
|
|
77.55
|
-4.71
|
5.73%
|
|
|
|
|
1808.835
|
-9.000
|
0.495%
|
|
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