Gold prices fell for a fifth consecutive session as the US dollar index stabilized near its highest this year
Gold futures fell during the Asian session to hit its lowest since December 21, amid the rise of the dollar index for the third consecutive session and stability near the top in nearly a year according to the inverse relationship between them after the talk of the governors of major central banks and the major global decisions and directions Monetary policy makers at the Swiss and British central banks later Thursday.
Gold futures for August delivery fell 0.47% to trade at $ 1,268.50 per ounce from the opening at $ 1,274.50 per ounce, with the US dollar index rising 0.08% to 95.20 from the opening at 95.12.
Investors are now looking closely at what will result from the decisions and directions of the monetary policy makers at the SNB and the Bank's press conference amid expectations that the bank will remain negative at 0.75% for the 13th consecutive meeting. England at interest rates of 0.50% and the asset purchase program at £ 435 billion, ahead of the expected speech by Bank of England Governor Mark Carney at Mansion House in London later in the day.