Tag: Gold futures

The price decline in the safe-haven asset was triggered by an impressive U.S. jobs report.

The yellow metal tends to usually rise in value on expectations of lower U.S interest rates.

The U.S Fed Reserve strategy now permits inflation to rise above its 2% target.

Gold bulls reversed the downward trend as the greenback value lost some ground recently.

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.