The new trading week, gold again begins with decline, despite the weakening dollar and the exacerbation of geopolitical risks, which, as a rule, lead to an increase in demand for the yellow metal.
Gold continues to trade in the area of new annual lows, remaining under pressure from a number of important fundamental factors.
The world economy is slowing down, this fact is confirmed by the central banks of almost all leading countries of the world.
On Tuesday, gold fell by more than 1%, updating the 2019 lows.
Gold completed the last trading week almost at the level of its opening weekly price, but locally retains a tendency to decline.
On Wednesday, gold managed to maintain the upward momentum, thanks to support from the dollar and the positive influence of economic and geopolitical news, which were presented on the market yesterday.
Gold opened a new trading week by updating 6-day highs, thanks to strong support from the US dollar and increased geopolitical risks.
As a result of trading on Thursday, gold lost in price more than 1% against the background of a continuing bull trend in the dollar.
