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GOLD FUTURES
Gold traders pull backed from Gold as the U.S dollar gained bullish momentum on Thursday morning.
Lending support to gold was the rising tally in coronavirus cases globally.
Gold prices lost about 4.5% in value this week after hitting a record peak of $2,072.50 on August 7.
Gold traders may prefer to let this week's dust settle and see where real yields pivot next week.
This marks gold's steepest daily decline in nearly five months.
Gold price has gained about 30% so far in 2020.
The rush for gold by global investors has been boosted by a weakened greenback.
The rush for gold by global investors has been boosted by a weakened greenback.
The precious metal continues to fly higher as global Covid-19 caseloads reach 15 million.
This is against the backdrop of rising cases of the coronavirus disease.
The price of gold had experienced a level of pressure, temporarily losing its gains.
This was the highest reached by a benchmark Comex contract for gold since September 2011.