Gold closes lower on improved risk appetite

Gold prices fell today as US dollar rose against in addition to a surge in stock markets, as investors shifted from gold as a safe haven.

Trump called on the US Fed to cut rates at least by 1% and the possibility of preparing a quantitative easing program similar to the 2008 global financial crisis program.

Trump added that the US economy is in a good shape, and added that the trade talks with China are going very well.

By 19:19 GMT, dollar index rose against a basket of currencies by 0.2% to 98.2 points, with a high of 98.2 and a low of 98.

Gold futures (December delivery) fell by 0.8% to close at $1511.6 an ounce, with a high of $1523.6 and a low of $1503.3.