Gold prices down 0.5%

Gold prices down 0.5%
Gold futures registered $1,275.8 per ounce

Mubasher: Gold prices declined on Tuesday, as the US dollar rose, amid anticipation for the speech of the Federal Reserve Chair.

Gold futures for December delivery went down 0.5% to the level of $1,275.8 per ounce.

Investors are anticipation a speech that the Chair of the US Federal Reserve, Janet Yellen will deliver today at the presentation of the 2017 Paul H. Douglas Award for Ethics in Government, speaking for the first time since President Donald Trump named her successor Jerome Powell, who will serve since after the end of her term in February.

Data showed that India’s gold exports rose in October by 31% year-on-year to 66.8 tonnes.