Gold is in the worst month in 4 years


Fell gold In spot transactions, Wednesday, 0.6 percent to 1885.81 dollars an ounce by 06:18 GMT, down 4.3 percent since the beginning of this month, according to “Reuters”.

With this, gold has declined to the worst monthly performance since November 2016. US gold futures fell 0.5 percent to $ 1893.30.

The dollar index rose 0.1 percent and is on track for its biggest monthly gain since July 2019, which increases the cost of gold for holders of other currencies.
And gold had achieved at the beginning of last August, the highest price in its history, as the price of an ounce exceeded $ 2000, meaning that it lost more than $ 100 within nearly two months

Gold also lost some of its luster due to positive Chinese data on the activities of the manufacturing and services sectors, while market participants tracked progress in a new financial support bill related to Corona in the United States.

As for other precious metals, silver fell 1.7 percent to $ 23.76 an ounce, platinum fell 1.9 percent to $ 867.72, and palladium rose 0.5 percent to $ 2319.05.

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