Gold prices fell to a 2-week low amid rising US dollar


Data on consumer confidence in the United States pushed the dollar to the highest value in a year. Against this background, the cost of gold on Wednesday dropped to a minimum of two weeks. The reason for its decline was also the restoration of world stock indices, writes. The spot price of gold lost 0.41% and amounted to 1 thousand 217 dollars 56 cents per troy ounce. The cost of gold futures in the United States fell by 0.28% to 1 thousand 219 dollars 20 cents per ounce. The decision of the Bank of Japan to keep interest rates unchanged also contributed to the strengthening of the US dollar. The weak data on production and services in China also affected the growth of the dollar.

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