Gold prices trimmed below today while investors’ desire for riskier assets seem to have increased following the Federal Reserve promise to help the coronavirus-battered U.S. economy. However, a softer greenback curbed damages to the popular yellow metal.
Spot gold dropped 0.3% to $1,964.51 per ounce following an increase of 1% in the previous session. U.S. gold futures climbed 0.3% to $1,959.60.
Fed held rates steady
Daily Analysis - 30/07/2020