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Gold Finishes at Highest Level in Week

M. Ali 15 December, 2020 11:30 pm Commodities, Market Update

Gold prices rose on Tuesday to close at their highest level in a week, despite improved investors’ sentiment due to positive news about new Coronavirus vaccines.

Gold futures for February delivery gained $23.20, or 1.3%, to settle at $1,855.30 per ounce.

This is the best closing level for the yellow metal most active contracts since last Tuesday.

It is worth noting that the market is anticipating the outcome of the Federal Reserve last meeting of 2020, which concludes on Wednesday.

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