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Gold Fall As Dollar Stabilizes


Dubai – Masaader News

Gold prices fell on Thursday’s trading and metal futures fell by 0.1% to $ 1304.70 an ounce, as the dollar stabilized, according to a report published by Mubasher.

The spot price of precious metal was settled at $ 1300.96 an ounce.

The drop in gold coincided with increased trade tensions after the United States announced it would impose tariffs on steel and aluminum by 25 percent and 10 percent respectively against Canada, Mexico and the European Union.

The dollar index, which tracks the performance of the currency against six major currencies, stabilized at $ 94.043, according to Mubasher.

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