Gold futures fell early Thursday and may be heading for back-to-back losses after the haven metal scored a nearly six-year high early in the week.
The impending sideline meetings at the Group of 20 conference in Japan between U.S. President Donald Trump and his Chinese counterpart Xi Jinping held the attention of financial markets, which had been supportive for gold in recent sessions.
August gold was down $6.50, or 0.5%, at $1,409.00 an ounce. It’s roughly $9 off the recent high-water mark of $1,418.70 hit Tuesday, the most robust settlement price for a most-active contract since Aug. 28, 2013, according to FactSet data.
Source : Marketwatch