Open Demo Account
Home / Market Update / Commodities / Gold Closes with Modest Gains

Gold Closes with Modest Gains

M. Ali 5 August, 2021 3:15 am Commodities, Market Update

Gold futures finished nearly unchanged on Wednesday amid a rebound by the U.S. Dollar (USD) and an improved investors’ sentiment.

The yellow metal maintained modest gains, with front month futures gaining 40 cents, or 0.02%, to close at $1,810.50 per ounce.

A weaker than expected ADP jobs report in the U.S. provided some support to safe haven assets, led by gold, amid concerns about the pace of recovery from the coronavirus crisis, especially with the spread of the Delta variant.

Tags

Check Also

Oil Retreats from $100 Peak as Sanctions Ease but Geopolitical Risks Loom

Oil prices slipped back after briefly crossing the symbolic $100 mark, as markets weighed improved …

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