Breaking Gold tumbles below $2,000
The XAU / USD pair continues its downward trend.
Gold prices fell to less than $ 2,000 an ounce as the mood in the markets softened. Later, it started its trend of realizing its longest daily bearish line since May.
Gold had reached its highest levels in history last week
However, it started to retreat with the depreciation of the dollar and the lowering of interest rates in the USA. US President Donald Trump's thought of reducing capital gains tax on Tuesday caused global stocks to rise, while gold assets in gold-backed ETFs declined.
You might also be interested in:
EUR/GBP starts to break down from its range – Commerzbank