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Prices for gold futures contracts fell sharply during trading on Monday, with values falling and the dollar rising in light of growing concern over the growing number of new infections with the emerging Corona virus. in Europe and the fear of the spread of lockdown measures to contain the virus.
The dollar rose yesterday as a safe haven, with investors growing concern about the fallout from the resurgence of the coronavirus infection.
The dollar price index rose against the other major currencies to 93.78 points before falling to 93.69 points at the close of the day, to remain 0.8 points above its level at the close of the day on Friday , last day of the last trading week.
The price of gold fell yesterday by $ 51.50. That is, 2.6 percent to $ 1,910.60 an ounce for delivery next December, its lowest level in about two months.
The price had fallen at some point in the day yesterday to $ 1,885.40 an ounce.
The price of silver fell $ 2,752 to $ 24,387 an ounce for delivery next December, while the price of copper fell $ 0.0840 to $ 3,320 an ounce for delivery next December.
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