MoneyNewsTop NewsWorld

Gold falls on profit-taking and dollar rally

UNITED STATES, WASHINGTON (OBSERVATORY) — Gold prices fell on Wednesday as the dollar rallied and investors took profit-taking sales following gains of more than 1 percent in the previous session, but the uncertainty surrounding the US-China trade dispute and global growth kept the precious metal near multi-year highs.

Spot gold fell 0.1 percent to $ 1,541.60 an ounce late in the session. In Monday’s session, gold hit its highest level since April 2013 at $ 1554.56.

US gold futures fell 0.2 percent to settle at $ 1,549.10 an ounce.

The dollar index rose 0.2 percent, making gold more expensive for holders of other currencies.

Among other precious metals, silver rose 1.2 percent to $ 18.38 an ounce, while platinum rose 4.8 percent to $ 907 an ounce. Palladium fell 0.8 percent to $ 1,469.60 an ounce.

Online:

This article is written and prepared by our foreign editors writing for OBSERVATORY NEWS from different countries around the world – material edited and published by OBSERVATORY staff in our newsroom.

Our Standards, Terms of Use: Standard Terms And Conditions.

OBSERVATORY NEWS — Breaking news source, real-time coverage of the world’s events, life, politics, business, finance, economy, markets, war and conflict zones.

Contact us: [email protected]

Stay connected with News Observatory and Observatory Newsroom, also with our online services and never lost the breaking news stories happening around the world.

Support The OBSERVATORY from as little as $1 – it only takes a minute. Thank you.

We are NEWS OBSERVATORY — the only funding and support we get from people – we are categorically not funded by any political party, any government somewhere or from any grouping that supports certain interests – the only support that makes OBSERVATORY possible came from you.