The price of gold fell from near record levels during Asian trading on Tuesday. The recovery of stock markets led to a decrease in demand for reliable assets, although instability in the markets still supported relatively high prices for the precious metal. Yesterday, gold soared to a historic high due to the collapse of stock markets caused by fears of a recession in the United States and expectations of lower interest rates. December gold futures fell 0.3% to $2402.57 per ounce. At the beginning of the week, the spot price reached $2,460 per ounce. On Tuesday, gold weakened slightly amid the strengthening of the dollar and the growth of the stock market. Nevertheless, gold has maintained much of its recent growth as the prospect of lower interest rates continues to support interest in it. The rise in gold prices has led to an increase in prices for other precious metals, but in recent sessions they have suffered significant losses, since their attractiveness as a "safe" asset is inferior to gold. Silver futures fell 0.7% to $27.020 per ounce, and platinum futures fell to $918.85 per ounce. Copper prices fell 0.6% to $8,806.50 per tonne, and one-month futures fell almost 1% to $3,9660 per pound.
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