Gold commodities continued to be under pressure on Thursday, hovering around their three-month lows, under pressure from the US dollar, which continued to strengthen.
Ahead of the opening of the European session, the precious metal rose slightly by trading around $ 1,782 per ounce (2.25pm Malaysian time).
US Treasury yields, which had previously supported the greenback dollar, were slightly lower during today's trading session, but were still around their one-year high on Wednesday.
However, the US dollar continues to strengthen its momentum after the US retail sales data released last night showed encouraging readings and support for the currency.
Following the release of US retail sales data, market expectations for the launch of a $ 1.9 trillion stimulus package to drive a stronger economic recovery are rising.
The minutes of the FOMC meeting, published earlier this morning, failed to stimulate higher gold prices even though Federal Reserve (Fed) policymakers indicated that they would not change the easing in temporary policies.
