Gold Falls to a Three-Month Low
11/8/2019 8:34:16 AM
Gold lowered on Monday, with U.S. benchmark stock indexes dulling demand for the Precious Metal. Gold continued to fall on Tuesday, as a climb in U.S. stocks, bond yields and hope for a U.S.-China trade deal sent prices for the Precious Metal to their lowest in three weeks. Gold settled slightly higher Wednesday, a day after the Precious Metal fell below the key $1,500 mark. Gold dropped Thursday to its lowest finish in three months and the largest weekly percentage decline in more than a year. Renewed optimism about a partial U.S.-China trade dulled the appeal of the haven metal. Gold continued its slide on Friday, bringing bullion to a three-month low and its sharpest weekly fall since President Trump’s 2016 election victory.