Open Demo Account
Home / Market Update / Commodities / Gold Closes at Highest Level in Seven Weeks

Gold Closes at Highest Level in Seven Weeks

M. Ali 7 November, 2020 12:42 am Commodities, Market Update

Gold prices rose on Friday to their highest level in seven weeks, supported by the decline of the US Dollar (USD) amid the uncertainty surrounding the results of the United States presidential elections.

Gold futures for December delivery gained $4.90, or 0.3%, to close at $1,951.70 per ounce.

This is the highest closing level for gold futures since September 18.

For the week, the yellow metal futures increased by 3.8%, achieving the best weekly rise since the end of July.

Tags

Check Also

Explainer: Defense Giants, Oil Titans, and Metal Kings Surge as the Iran Conflict Reshapes the Market

When the conflict with Iran erupted on February 28, 2026, the shockwaves were felt far …

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