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Source: https://www.mining.com/gold-price-falls-on-economic-recovery-hopes/
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Gold prices fell further on Wednesday as the US dollar strengthened, while a strong rebound in the nation’s manufacturing sector fuelled hopes of a recovery in the coronavirus-hit economy.
Spot gold fell 1.5% to $1,940.09 per ounce by 12:10 p.m. EDT despite hitting an intraday high of $1,973.25 earlier in the session. US gold futures also declined 1.5% to $1,948.00 per ounce on the Comex.
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Gold prices fell further on Wednesday as the US dollar strengthened, while a strong rebound in the nation’s manufacturing sector fuelled hopes of a recovery in the coronavirus-hit economy.
Spot gold fell 1.5% to $1,940.09 per ounce by 12:10 p.m. EDT despite hitting an intraday high of $1,973.25 earlier in the session. US gold futures also declined 1.5% to $1,948.00 per ounce on the Comex.
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