U.S. gold futures were falling about 0.3% at $1,222.0 per ounce while the popular spot gold fell about 0.2% lower to $1,221.20 per ounce.
On Tuesday gold went lower while trading in a tight area forward of a U.S. holiday. The popular yellow metal continued over the 1,219 area while the greenback remained constrained by soft U.S. economic data and a much clouded interest rate expectation. Peter Fung, head of dealing at Wing Fung said "The market is very quiet today and appears to be in a holiday mood ahead of the U.S. Thanksgiving." "The dollar has come under some pressure giving some support to gold."
Wall Street finished deeply in the red once more
Daily Analysis - 20/11/2018