• Sharp pullback for the price of gold

Noticias del mercado

25 noviembre 2016

Sharp pullback for the price of gold

After ending the previous session modestly higher, the price of gold showed a substantial move back to the downside during trading on Wednesday.

Gold for December delivery plunged $21.90 to $1,189.30 an ounce after rising $1.40 to $1,211.20 an ounce on Tuesday. With the steep drop, the price of gold fell to a nine-month low.

The sharp pullback by the price of gold came as the U.S. dollar moved higher in reaction to the latest batch of U.S. economic data, rttnews says.

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