Gold is losing the $2,000 resistance

The US Federal Reserve got a new bond to support it in raising interest rates and sticking to a tight monetary policy if it wanted to, after manufacturing data came strongly positive for the first time in five months. After supporting the US dollar in last Thursday's trading after the statements of Christopher Waller, the most famous hawk of the Federal Reserve, that he needed more than one hike in interest rates, which affected the sentiment of gold and the stock market and strengthened the dollar, today's data came to give more confidence to the Fed.

And gold turned its rise at the beginning of the Asian session by 0.3% downward now, as spot gold contracts lost 0.38% to trade below the levels of $ 2000, specifically at $ 1996.3 per ounce, while gold futures fell by 0.35%, to record now $ 2008.45 per ounce.