Open Demo Account
Home / Market Update / Commodities / Gold Maintains Gains and Records First Rise in Five Sessions

Gold Maintains Gains and Records First Rise in Five Sessions

M. Ali 9 March, 2021 11:22 pm Commodities, Market Update

Gold prices finished Tuesday’s trading session with strong gains, supported by the decline of Treasury bond yields and the U.S. Dollar (USD), recording its first gain after four consecutive declines.

The rise in the yellow metal prices followed closing at its lowest level since early April 2020 on Monday.

Gold futures for April delivery increased by $38.90, or 2.3%, and closed at $1,716.90 per ounce, in the highest gains for gold’s most-active contract since January 4.

Meanwhile, silver futures for May delivery gained 91 cents, or 3.6%, to finish at $26.183 per ounce.

Tags

Check Also

uk

UK Economic Stagnation Highlights Challenges for Starmer’s New Government

The British economy showed no growth in the third quarter, according to revised data from …

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