Gold prices fell Wednesday after a better-than-expected US jobs report came out.
Gold Market News Directory
The US economy continues to show signs of improvement, making investors concerned about the Federal Reserve tapering its stimulus program soon.
Gold prices dropped on Monday as the US dollar rose 0.2 percent against a basket of currencies, Reuters reported.
Gold prices increased Wednesday ahead of numerous new US economic reports, including the October durable goods report and weekly jobless claims.
Spot gold prices were at $1,245.51 an ounce today, down $6.23 from the previous session.
Visual Capitalist published an infographic titled Global Gold Mine and Deposit Rankings 2013. It examines existing and future gold supply.
Gold prices sank Nov. 25 to their lowest level since July 8 after the United States and other world leaders struck a deal with Iran over its nuclear activities.
Investors remain cautious about the Federal Reserve's stimulus program and expect it to be scaled back sooner than Fed leaders are suggesting.
Gold futures climbed as investors looked to the yellow metal as an alternative asset in light of the dollar's drop, Bloomberg reported.
Gold prices were up slightly Nov. 19 after experiencing losses in the previous session.