Open Demo Account
Home / Market Update / Commodities / Gold Closes at Six-Week High

Gold Closes at Six-Week High

M. Ali 8 April, 2021 10:30 pm Commodities, Market Update

Gold prices rose on Thursday to their highest level in about six weeks as the U.S. Dollar (USD) plunged amid expectations of a rise in inflation.

In addition, a decline in the benchmark U.S. 10-year Treasury bond yields contributed to the yellow metal gains.

Gold futures for June ended rose by $16.60, or 1%, to settle at $1,758.20 per ounce.

This marked the highest closing level for gold’s most active contracts since February 25.

Meanwhile, silver futures for May delivery increased by 1.3% and finished at $25.590 per ounce.

Tags

Check Also

Oil on a Knife’s Edge: War Threats, Deadline Pressure, and a Market Ready to Explode

Oil markets hold their breath as geopolitics take the wheel. Global oil markets are once …

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