Open Demo Account
Home / Market Update / Commodities / Gold Closes at Lowest Level in Two Months

Gold Closes at Lowest Level in Two Months

M. Ali 22 September, 2020 12:35 am Commodities, Market Update

Despite a decline in risk appetite among investors, gold prices plunged on Monday as the US Dollar (USD) registered large gains.

Gold futures for December delivery decreased by $51.50, or 2.6%, and settled at $1,910.60 per ounce.

Earlier today, the yellow metal futures were trading below $1,889 an ounce.

This is the lowest closing level for gold futures since July 24.

Tags

Check Also

Dollar’s Strength Pushes Yen to 38-Year Low, Investors Eye Fed Chair’s Speech

The U.S. dollar continued its upward trajectory on Tuesday, bolstered by rising U.S. Treasury yields, …

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