Gold falls below $1,800 despite falling dollar

2021-09-15 18:16:03 GMT (Economies.com)
Gold falls below $1,800 despite falling dollar

Gold prices fell on Wednesday, and gave up the $1,800 barrier once again, despite the US dollar's drop and the release of weak economic data.

 

Data showed that the US industrial production index rose 0.4% during the August, slightly lower than forecasts of 0.5%.

 

The data increased uncertainty about the Federal Reserve's next move, especially about reducing the asset purchase program, as inflation seen the largest slowdown in 6 month.

 

The dollar index fell against a basket of major currencies by less than 0.1% to 92.5 points as of 17:53 GMT, after hitting a high of 92.6 points and a low of 92.4 points.

 

As of 17:53 GMT, gold spot prices fell 0.7% to $1,794.1 an ounce, after hitting a high of $1,808.5 and a low of $1,792.2.

 
 
 
  Symbol Last Change Chg.%
1.1734
0.0020
0.1669%
1.3722
0.0046
0.3396%
Tadawul
11270.57
-40.58
0.36%
22.680
0.379
1.700%
73.490
2.557
3.605%
77.56
0.31
0.40%
1753.555
-3.250
0.185%
 
 
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