Gold prices drops far below $2,000 on strong US dollar
Gold traders pull backed from Gold as the U.S dollar gained bullish momentum on Thursday morning.
Gold traders pull backed from Gold as the U.S dollar gained bullish momentum on Thursday morning.
Futures Indexes like Nasdaq 1000 futures are contracts that derive their value from the underlying indices
Brent crude futures dropped about, or 0.75%, to trade at $45.12 a barrel by 05.37 am GMT.
Amazon, Apple, Facebook, and Microsoft have performed better than most businesses during the COVID-19 pandemic.
Lending support to gold was the rising tally in coronavirus cases globally.
China increased its order on energy and farm purchases ahead of a review of the Sino-U.S. trade deal.
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.
Brent crude held most of it gains from the previous trading session.
The plunge came as appetite for risk assets recovered thanks to a stronger greenback and real rates.