Gold Falls to the Lowest Level with the Dollar Rising
09:30 - 14/12/2018
Information / Baghdad ..
Gold fell to a one-week low as the dollar and global equities rallied, while palladium touched record highs on expectations of higher demand for the metal, which is used as a catalyst in the auto industry.
Spot gold fell 0.3 percent to $ 1242.60 an ounce by 1921 GMT.
US gold futures fell $ 2.60, or 0.2 percent, to settle at $ 1247.40 an ounce.
The dollar rose against a basket of major currencies, supported by the euro's fall after the European Central Bank lowered its growth and inflation forecast for next year.
The precious yellow metal was also pressured by an improved appetite for risk as global equity markets received support from signs of easing trade tensions between the US and China.