Gold prices

gold prices gold price yesterday hit its lowest level in six weeks falling below the support price of $ 1,200 an ounce.

The cash or spot gold fell to a session low of $ 1,189.30 an ounce, against $ 1,206.95 late Monday in New York.

U.S. gold futures for August delivery lost 12.60 dollars, or 1%, to close at $ 1,195.10 an ounce, the lowest close since 21 May.

Gold was initially the only raw material to record losses on Tuesday after an escalation in the stock market encouraged risk appetite, prompting investors to buy in other markets and sell the metal.

Markets such as oil, soybeans and sugar, that rose at the beginning of the session, ended after the closing low, because the attention of investors focused on the low number of jobs in the United States on Friday.