Gold futures fell today, Dec. 20, after data showed that recession fears dropped to their lowest level of the year.
Gold futures for February delivery fell $0.2%, or $4.4, to $2,047 per ounce.
The dollar index, which measures the performance of the US currency against a basket of six major currencies, rose by 0.1% to 102.29 points at 9:45 pm Makkah time, after hitting 102.47 points.
The Conference Board’s Expectations Index shot up to 85.6 from a downwardly revised reading of 77.4 in November.
Federal Reserve Bank of Philadelphia President Patrick Harker said the central bank should begin to reduce interest rates — though not immediately.
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