Gold price in the market continued to decline, due to the strong impact when the US announced positive data on the US labor market, especially the private sector.
According to ADP, the economy added 324,000 jobs in July, much higher than the 191,000 forecast by economists.
In the context of the lack of information to boost the market, the strong recovery of the USD had a negative impact on the gold price. This morning, the US Dollar Index, which measures the volatility of the greenback, rose to 102.7 points, reaching a 3-week high.