Reuters
Gold prices fell, during trading on Thursday, as investors turned to the dollar in search of safety after the decline in global stock markets.
The US Federal Reserve (the central bank) also raised concerns about the pace of the economic recovery in the United States.
The Fed said that the pace of recovery in US economic activity and employment had slowed in recent months, but kept the key interest rate and monthly bond purchases unchanged.
By 06:06 GMT, spot gold fell 0.5 percent to $ 1835.35 an ounce, after falling to its lowest level since January 18 at $ 1830.80 on Wednesday.
While US gold futures fell 0.6 percent to 1834.30 dollars an ounce.
Gold was also negatively affected by the postponement of a $ 1.9 trillion stimulus agreement to mitigate the repercussions of Corona, as it did not obtain approval from Republicans due to concerns related to its value.
Source: Reuters
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