Gold Down, Near One-Week Low Over Strengthening Dollar, Increasing Risk Appetite By Investing.com – Investing.com
- Date: 22-Jul-2021
- Source: Investing.com
- Sector:Financial Markets
- Country:Middle East
Gold Down, Near One-Week Low Over Strengthening Dollar, Increasing Risk Appetite By Investing.com – Investing.com
By Gina Lee
Investing.com – Gold was down on Thursday morning in Asia, remaining close to a one-week low. A strengthening and increasing risk appetite as concerns over surging COVID-19 cases abated, both decreasing the yellow metal’s appeal to investors.
edged down 0.20% to $1,799.80 by 1:21 AM ET (5:21 AM GMT) after hitting its lowest level since Jul. 12 during the previous session. The dollar, which usually moves inversely to gold, inched up on Thursday to just below three-and-a-half-month highs.
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