Gold prices fell in the morning session on Monday (October 2) because of pressure from the strong USD, after ending last week at the lowest level in the last 6 months.
The dollar rose against rival currencies, making gold less attractive to buyers denominated in other currencies.
Although gold prices fell significantly last week, some analysts predict that prices are likely to fall further and highlight the year's low, just above $1,800 an ounce, as the next key target for monitor.
The dollar rose against rival currencies, making gold less attractive to buyers denominated in other currencies.
Although gold prices fell significantly last week, some analysts predict that prices are likely to fall further and highlight the year's low, just above $1,800 an ounce, as the next key target for monitor.
Comment:
Good PMI index for USD. Gold is falling
