Gold prices fell on Tuesday as the U.S. dollar recovered some of its recent losses, while concerns over the U.S. fiscal outlook kept investors cautious about the trajectory of interest rates.
اضافة اعلان
As of 09:15 Moscow time, August gold futures (Comex) dropped by 1.25% to $3,351.90 per ounce.
Meanwhile, spot gold prices declined by 0.61% to $3,323.61 per ounce, according to trading data.
Kelvin Wong, Chief Market Analyst for the Asia-Pacific region at OANDA, said: “At this stage, we are seeing some consolidation in gold prices. The market is taking a breather and waiting for the next catalyst.”
He added: “However, market participants remain concerned about the widening U.S. budget deficit, which continues to support gold prices while simultaneously weakening the dollar.”
In the currency market, the U.S. dollar index—which measures the greenback against a basket of major currencies—rose by 0.07% to 99 points. (Bloomberg)
