Open Demo Account
Home / Market Update / Commodities / Gold Closes on Marginal Losses

Gold Closes on Marginal Losses

M. Ali 22 January, 2021 3:03 am Commodities, Market Update

Gold prices declined marginally on Thursday, after closing yesterday at their highest level in about two weeks.

This comes despite the continuous retreat of the U.S. Dollar (USD) amid expectations for increased government stimulus by the new Biden administration in the United States.

Gold futures for February delivery lost 60 cents and closed at the level of $1,865.90 per ounce.

Tags

Check Also

EUR/CHF Puzzle: Hawkish ECB vs. Disinflationary Switzerland

The EUR/CHF exchange rate, trading around 0.9350, has recently rebounded from its lowest point since …

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