SMM News: in the early morning of the 3rd, gold futures prices closed higher on Wednesday. The rally in global stock markets and the rebound in the dollar have put pressure on gold prices.
The ICE dollar index, (DXY), rose 0.5% to 92.775 when the gold futures market closed on Wednesday.
The euro fell against the dollar after Philip Lane, chief economist of the ECB, said: a stronger euro will affect policy makers' forecasts for economic growth in the region and have an impact on monetary policy decisions. Before that, the euro reached a key psychological level of $1.20 against the dollar.
December gold futures fell $34.20, or 1.7%, to close at $1944.70 an ounce on the New York Mercantile Exchange.
December silver futures fell $1.25, or 4.4%, to close at $27.395 an ounce.
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