Gold posts lowest finish since August

Economies.com
2019-11-11 20:25PM UTC

Gold prices fell today, shrugging off a retreat in the US dollar against most major currencies to its 3-month low and investors' risk-aversion from assets such as stocks.

 

Gold also shrugged off the uncertainty over the US-China trade file, which is supposed to pust investors to safe havens such as gold and other precious metals.

 

President Donald Trump stated that the his administration hasn't agree on a rollback of the Chinese tariffs, which mounted the doubts over the progress of trade talks with Beijing.

 

Otherwise, the dollar index fell against a basket of currencies by 0.2% to 98.1 points as of 20:13 GMT, with an intraday high of 98.3 and a low of 98.1.

 

Gold futures for December delivery fell by 0.4% to close at $1,457.1 an ounce (the lowest since early August), with a session-high of $1,467.4 and a low of $1,448.9.

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