Gold prices fell Wednesday after a better-than-expected US jobs report came out.
Articles Tagged "gold price"
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.
The precious metal managed to claw back a few dollars on Thursday after hitting a 4.5-month low on Monday due to the Iran-US nuclear deal.
Gold prices increased Wednesday ahead of numerous new US economic reports, including the October durable goods report and weekly jobless claims.
Investors remain cautious about the Federal Reserve's stimulus program and expect it to be scaled back sooner than Fed leaders are suggesting.
Gold prices fell on Monday due to traders cashing in their gains after the metal rose in the last three sessions.
Dovish comments from the incoming Fed chair gave gold a lift today and yesterday.
Gold prices increased Nov. 13 early in the session after suffering declines during the past week.
Gold prices sank Nov. 12, with spot gold down to $1,276. 24 an ounce early in the session - its lowest level since Oct. 17.