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

Gold Closes Marginally Higher as USD Rises

M. Ali 27 October, 2020 12:08 am Commodities, Market Update

Gold prices rose on Monday for the fifth time in six sessions, supported by increased demand for safe havens, amid a surge in new COVID-19 cases.

The rise in the yellow metal prices came despite the US Dollar (USD) rising across the board.

Gold futures for December delivery closed marginally higher by 50 cents, to settle at $1,905.70 per ounce.

Meanwhile, silver futures for December delivery declined by 25 cents, or 1%, and finished at the level of $24.42 per ounce.

Tags

Check Also

Will Trump and Powell be on a collision course?

President Donald Trump could be considering his own favourite pick for the position of Federal …

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