Open Demo Account
Home / Market Update / Commodities / Gold Rises on USD Woes

Gold Rises on USD Woes

M. Ali 4 December, 2020 12:16 am Commodities, Market Update

Gold prices rose on Thursday, supported by the decline of the US Dollar (USD) on mixed economic data.

Gold futures for February delivery added around $11, or 0.6%, to close at $1,841.10 per ounce.

The rise of the yellow metal comes following a recent strong correction wave and monthly losses during November.

Tags

Check Also

Powell Says Fed Policy “In a Good Place” as Rates Stay on Hold

The Federal Reserve held its Fed Funds Target Range steady at 3.50%–3.75% in April, marking …

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