Mubasher: Gold prices declined at the end of Tuesday’s trade, registering its lowest close in more than two weeks, on the back of the gains of the US stock exchange.
Gold futures for December delivery went down 0.2% to $1,278.3 per ounce, its lowest level since 6 October.
Today, data of IHS Markit showed that business activity in the US recorded its highest level in 9, as the Markit purchasing managers’ index (PMI) rose to 55.7 points in October.
Meanwhile, investors are awaiting the president of the United States Donald Trump announcement of the next chair of the Federal Reserve, as well as the European Central Bank meeting, which will take place on Thursday.
