Gold prices settled on Thursday in a limited range of trading, under the pressure of USD strong rise against a basket of global currencies, and as the levels of demand for investment on safe assets, prices may abandon the barrier $ 1,300 during the next trading.

Gold prices are trading at around 10:15 GMT around $ 1,306.12 per ounce from the opening level of $ 1,305.80 and the highest level of $ 1,309.77 and a low of $ 1,305.28.

Gold prices on Wednesday lost 0.3%, the second loss in the last three days, under the pressure of USD rising.

The dollar index rose 0.1% on Thursday, extending its second day in a row to a two-month high of 97.10 points, reflecting the continued strong rally of the US currency against a basket of global currencies, which is putting pressure on gold prices.

The strong rally in the US currency comes as risk appetite in the financial markets increases, especially as the United States and China approach a comprehensive trade agreement, as well as buying the dollar as the best current investment in the foreign exchange market, as most global banks keep interest rates at record prices Low to cope with the decline of economic growth.

With the strength of USD and the slow pace of investment demand on safe assets, gold prices may drop the psychological support level at $ 1,300 in the coming trading session.