Gold reached its lowest levels in more than two months

New York

Gold fell today, Thursday, to its lowest level in more than two months, as the rise in the dollar hinders it, while investors are concerned about the uncertainty surrounding additional measures of stimulus to support the slowing economic recovery in the United States.

And gold fell in immediate transactions 0.7 percent to 1851.51 dollars an ounce, to continue its fall for the fourth session. Earlier in the session, it reached its lowest level since July 22 at $ 1,847.99.

US gold futures fell 0.8 percent to $ 1853.10.

The dollar index settled near its highest level in more than eight weeks ahead of competing currencies, as indications of an economic slowdown in Europe and the United States revived concerns about the repercussions of the second wave of COVID-19 infections.

As for other precious metals, silver fell 5.4 percent to $ 21.64, the lowest level in more than two months, and in the most recent transactions, it fell 4.2 percent to $ 21.91.

Platinum fell 0.5 percent to $ 833.31 an ounce, and palladium fell 1 percent to $ 2,199.39.