News

Gold prices fall, awaiting US data

  • 21 September, 2021
  • 2:27 pm EEST

Gold prices fell at the beginning of trading on Tuesday, pending data on US building permits.

Investors are taking a risk averse stance, ahead of the US Federal Reserve’s policy decision and the ongoing debt crisis of China’s China Evergrande Group, Reuters repoted.

 

Gold prices today

By 04:14 AM GMT, the price of gold futures contract -December delivery- decreased by 0.08%, recording about $1,762.35.

Gold prices turned higher by more than $12, at the end of trading on Monday, with the decline in stocks and US Treasury yields.

Gold finds support at 1742.30, and resistance at 1797.30.

The dollar index, which measures the performance of the US currency against a basket of 6 other major currencies, fell 0.09% to trade at 93.172.

 

Metal price

Silver futures prices for December delivery rose 0.24% to trade at $22.258 an ounce.

Copper futures prices – for December delivery – also rose by 0.33%, to be traded at 4.1385 per pound.

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