Gold traded down with the beginning of the Asian session on Wednesday, trading near the lows yesterday in four months, this comes in light of the US dollar strength and give up the gold for his role as a safe haven in the financial markets in light of tensions and uncertainty, which is currently suffering from it.
At exactly at 02:35 GMT, the price of gold traded at $ 1152.30 an ounce after recording the highest at $ 1155.60 an ounce
And the lowest level at $ 1150.60 an ounce and was opened today’s session at the level of $ 1153.70 an ounce this comes after the price of gold fell yesterday at its lowest level in four months at the level of $ 1146.80 an ounce.
Low levels of gold reflects investors abandon him as a safe haven in the financial markets, where gold follow the lead of the rest of the goods and raw materials, which is witnessing the decline against the dollar in light of the wave of heavy selling in the financial markets.
This comes amid investors sought the stability of the future look positive return on investment progress such as the US dollar, which greatly benefited from the current decline in gold and other financial and commodity prices.
The dollar index since the start of trading on Wednesday session, trading at the level of 96.78 after recording the highest at 96.89 and the session today opened at 96.71 level, this comes after the dollar index, which measures the dollar’s performance against a basket of six currencies yesterday, its highest level in a rose five weeks at the level of 97.25 before closing the day at 96.72 level.