Mubasher: Gold prices have fallen during Wednesday’s trade, losing around $15, after the US dollar rose on the back of positive economic date.
By 2:16 PM (GMT), gold futures for December delivery went down by 1.1% or $14.9, registered $1,287.5 per ounce.
Sport prices also declined by 0.8% to $1,284.3 per ounce.
The most recent data showed a rise in durable goods orders in the United States by 1.7% in August, which is a positive sign of economic recovery.
Investors are anticipating the US president, Donald Trump speech later on Wednesday, where he is supposed to present new details on his tax reform plans.
Today, the USD rose by 0.6% in front of the Euro, recording an exchange rate of $1.172.
