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Gold Closes Higher as USD Declines

M. Ali 10 September, 2020 11:48 pm Commodities, Market Update

Gold prices rose on Thursday for the third consecutive session as the US Dollar (USD) continued to decline amid the appreciation of the Euro after the European Central Bank maintained interest rates unchanged.

Gold futures for December delivery increased by $9.40, or 0.5%, and settled at $1,964.30 per ounce.

Meanwhile, silver December futures increased by 21 cents, or 0.8%, and closed at $27.291 per ounce.

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