Gold hits lowest closing price in April

2019-04-15 18:32:31 GMT (Economies.com)
Gold hits lowest closing price in April

Gold prices fell during today's trading, despite the dollar stability against most major currencies and US President Donald Trump statements on the Federal Reserve.

 

In a new attack against the Federal Reserve and its monetary policy, Trump stated that the Federal Reserve had made a mistake in raising interest rates, which caused a drop in US economic growth and a decline in the stock market.

 

The Federal Reserve had confirmed in its last meeting minutes that the slowing growth of the US and global economies justifies the need to maintain interest rates unchanged and the patient approach on rising it.

 

At 17:34 GMT, the dollar index (against a basket of major currencies) stabilized by 96.9 points, reaching a high of 96.9 points and a low of 96.7 points.

 

Gold futures (June delivery) fell 0.3% to $1291.3 an ounce, its lowest close since late March, hitting a high of $1295.2 and a low of $1285.3.

 
 
 
  Symbol Last Change Chg.%
1.1148
-0.0096
0.8569%
1.2899
-0.0103
0.7891%
14.917
-0.087
0.583%
65.612
1.603
2.503%
74.57
0.06
0.08%
1273.900
-1.800
0.141%
 
 
Live Forex Updates