Gold prices in Asia fell this morning. This is due to weakening economic data in China and the rapid increase in COVID-19 cases worldwide.
Gold futures contracts fell 0.11% to $1,787.90. In contrast, the dollar was slightly stronger than yesterday. Gold and the dollar normally move together inversely.
However, the yellow metal had its highest level since August on Monday as the above data supported gold as a safe haven for investors.
Investors are still waiting for the outcome of the latest Fed meeting at the moment. The focus is on whether the Fed will start tapering.
Other precious metals:
Silver rebounded 0.3%.
Platinum increased by 0.1%
Palladium fixed at $2,605.92
The Spot Market is Open
Wen. 18 Aug- 2021
| Metals Updated at | USD Bid/Ask | Ounce Change | Low/High |
| Gold 06.00 | 1,786.30 1,787.30 | +0.20 0.0% | 1,785.30 1,787.70 |
| Silver 06.00 | 23.64 23.74 | 0.00 0.02% | 23.63 23.75 |
| Platinum 06.00 | 991.00 1,001.00 | +1.00 0.10% | 990.00 1,003.00 |
| Palladium 06.00 | 2,426.00 2,576.00 | +3.00 0.12% | 2,416.00 2,582.00 |
| Rhodium 05.00 | 18,250.00 20,250.00 | 0.00 0.00% | 18,250.00 20,250.00 |
| Energy Updated at | Price | Change | %Change |
| Crude Oil 06.00 | 66.65 | +0.06 | 0.09% |