Teller Report

Gold fell to its lowest level in four months

4/24/2019, 6:51:41 AM

Gold futures fell in trading yesterday, as the dollar improved and reached its highest level in nearly two years. Strong quarterly results for US companies and better-than-expected economic data in the US and China,


Gold futures fell in trading yesterday, as the dollar improved and reached its highest level in nearly two years.

Strong quarterly results for US companies and better-than-expected economic data in the US and China have reduced the attractiveness of the yellow metal to investors.

The dollar index rose against other major currencies by nearly 0.5% to 97.78 points.

The price of the metal fell in the trading session by $ 4.40, or 0.34 to $ 1273.20 dollars an ounce for delivery in June.

Gold fell yesterday by $ 1.60, or 0.13% to $ 1277,60 an ounce.

Silver fell $ 181.1 to $ 14,791 an ounce next May, while copper fell $ 0.8080 to $ 2,835 per pound for May delivery.