November 10, 2017
ma
Gold prices fell during Thursday's trade, after rising and registering its highest level in three weeks on Monday, recovering from the weakening of the dollar and increasing market tensions.
Gold prices are currently traded at the level of $1281.78 for the ounce, after registering the lowest level at $1280.39 for the ounce. The meeting today opened at the level of $1282.29 per ounce, registering the highest level at $1282.58 per ounce.
The US dollar suffered from a weakening movement during yesterday's trades due to pressure from expectations on the postponement of the tax cut law and the Republicans ' failure to submit their proposals on the law.
The gold used this weakness for the dollar to rise and score the highest level in three weeks during yesterday's session, and today is back to undo by doing reaping profits in addition to a rebound in American and Asian equities has caused the demand for gold to be reduced as a safe haven.
It should be noted that the weekly performance of gold so far is highly positive, with the demand returning to a safe haven amid current market tensions.
