Open Demo Account
Home / Market Update / Commodities / Gold Closes Above $1,920 an Ounce

Gold Closes Above $1,920 an Ounce

M. Ali 5 October, 2020 11:52 pm Commodities, Market Update

Gold prices rose on Monday to their highest level in nearly two weeks, as the US Dollar (USD) declined across the board.

Gains by the precious metal come despite an improved risk sentiment and reduced demand for safe havens; however, the general weakness of the USD supported the yellow metal.

Gold futures for December delivery went up by $12.50, or 0.7%, and finished at $1,920.10 per ounce.

Gold prices open the week positively after closing last week on 2.2% weekly gains.

Tags

Check Also

Oil Prices Climb as Winter Weather and Supply Concerns Drive Demand

Oil prices rose in early Asian trade on Friday, continuing their upward trajectory for a …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends