Skip to main content

MoneyWorks4Me

Gold futures trade lower as dollar advances

08 Sep 2020 Evaluate
Gold futures traded lower on Tuesday, as the safe haven bullion investments shrunk with the improved dollar value, making it costlier for the third currency holders. Even though, mounting up of concerns over slowing global economy capped some losses. US market was shut on Monday for Labour Day.

Gold futures for December delivery fell by 0.2% at $1,931.20 an ounce on the Comex division of the New York Mercantile. Spot gold fell by 0.2% at $1,925.09 per ounce.