Open Demo Account
Home / Market Update / Commodities / Gold Closes Higher as USD Declines

Gold Closes Higher as USD Declines

M. Ali 7 December, 2020 11:15 pm Commodities, Market Update

Gold prices rose on Monday, opening the week with a positive performance as the US Dollar (USD) declined near its lowest level since 2018.

The rise of the yellow metal also comes amid renewed hopes for a new government stimulus package in the United States.

Gold futures for February delivery gained $26, or 1.4%, and settled at $1,866 per ounce.

Last week, the precious metal futures added 2.9%, after three consecutive weeks of decline.

Tags

Check Also

Coca-Cola Delivers Strong Earnings Boost as Investors Debate Whether the Rally Has Gone Too Far

Coca-Cola kicked off 2026 with stronger-than-expected financial results, fueled by rising consumer demand, successful marketing …

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