According to the Shahr-e-Bourse, in Thursday’s trading, the price of an ounce of gold for immediate delivery fell by 0.1 percent to $ 4194.63. Also in the US futures market, December gold fell by 0.3 percent and was traded at $ 4199.30. This retreat came after recording the highest price of gold since October 21.

The strengthening of the US dollar index against other currencies made gold more expensive for foreign buyers and is the main factor in the decline in the price of the yellow metal from the recent peak.

On the other hand, the end of the longest US government shutdown in the country’s history made the market wait for the release of important economic data, including employment and inflation figures. Economists believe that the rapid release of this information will help the Federal Reserve make more accurate decisions on interest rates at its December meeting.