Open Demo Account
Home / Market Update / Commodities / Gold Prices Close Higher with Investors Turning Eyes to Impeachment

Gold Prices Close Higher with Investors Turning Eyes to Impeachment

M. Ali 13 January, 2021 11:20 pm Commodities, Market Update

Gold prices rose on Wednesday, after data showed an increase in the inflation rate in the United States and amid anticipation for what could be the second impeachment of President Donald Trump by the House of Representatives.

Gold futures for February delivery gained $10.70, or 0.6%, and closed at $1,854.90 per ounce.

The yellow metal has recovered from its losses on Tuesday.

This is also the highest closing level for the most-active gold contracts since January 7.

Tags

Check Also

Could USDT Removal Impact EU Amid Crypto Boom Promised By Trump?

The European Union’s Markets in Crypto-Assets (MiCA) regulation, designed to enhance transparency and combat financial …

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