Gold is falling ahead of minutes of Fed meeting and 20th Reuters summit


© Reuters. Gold retreats before minutes of Fed meeting and G20 summit

Prices fell on Tuesday as the dollar stabilized, with investors waiting for signs of faster interest rates in the future and a worsening US-China trade dispute ahead of the G20 summit.

At 0702 GMT, the spot price of gold fell 0.1 percent to $ 1,220.97 per ounce.

US gold futures fell 0.2 percent to $ 1,220.2 an ounce.

Investors will not move until the minutes of the Federal Reserve meeting and more visibility into the global trade dispute ahead of the G-20 summit, said Daniel Haines, an ANZ analyst.

And it kept its gains today and hovered near its highest level since November 15.

And it fell 0.1% on spot transactions to $ 14,217 an ounce.

Platinum rose 0.3 percent to $ 842.2 an ounce, up 0.2 percent to $ 1,143.77 an ounce.

(Prepared by Ahmed Elhamy for publication in Arabic)

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