direct: Gold prices fell for the fourth consecutive session when settling the first transactions of the second quarter of this year today, Wednesday, with the gains of the dollar and amid escalating concerns about the Koruna epidemic.
The yellow metal prices witnessed noticeable fluctuations during the session, but closed down with strong gains for the dollar amid fears of a deep recession in the global economy.
Gold had made strong gains during trading amid heightened concerns among investors about the Koruna epidemic, which has infected more than 900,000 people around the world so far.
These sentiments come after warnings USA President Donald Trump from the situation in the country for the next two weeks, describing them as “very painful”.
This coincides with the continued efforts of the Federal Reserve to support markets and the economy, as it decided yesterday to expand the ability of dozens of foreign central banks to access the US dollar during the crisis by allowing them to exchange their holdings of treasury bonds for dollar loans for one night.
Upon settlement, the price of gold futures for June delivery decreased by 0.3 percent, to $ 1591.40 an ounce, after recording a level in the upward direction $ 1612.40, and the level of $ 1576 an ounce in a downward direction.
By 5:50 pm GMT, the spot price rose 0.3 percent to $ 1582.48 an ounce.
Meanwhile, the main index of the dollar, which follows the performance of the American paper, increased against 6 major currencies, by 0.7 percent, to record 99.78.