Gold metal falls – amid rising infection figures

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%

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