Open Demo Account
Home / Market Update / Commodities / Gold Settles Lower as USD Strengthens

Gold Settles Lower as USD Strengthens

M. Ali 24 March, 2021 12:52 am Commodities, Market Update

Gold prices declined on Tuesday to their lowest level in more than a week, amid a rise by the U.S. Dollar (USD).

The Dollar Index (DXY), which measures the greenback’s performance against a basket of six major international currencies, is up by 0.67% at 92.36.

Gold futures for April delivery declined by $13, or 0.8%, and closed at $1,725.10 per ounce.

Tags

Check Also

US Dollar sees best trading week in two years following NFP print

The US Dollar jumps higher after a massive positive Nonfarm Payrolls print. Tensions in the …

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