Open Demo Account
Home / Market Update / Commodities / Gold Declines but Scores Weekly Gains

Gold Declines but Scores Weekly Gains

M. Ali 5 December, 2020 1:37 am Commodities, Market Update

Gold prices declined on Friday, despite the decline of the US Dollar (USD), amid improved investors’ sentiment on Coronavirus vaccine progress.

Gold futures for February delivery decreased by $1.10, or 0.1%, and closed at $1,840 per ounce.

For the week, the yellow metal contracts gained 2.9%.

On the other hand, silver futures for March delivery gained 12 cents, or 0.5%, to finish at $24.253 per ounce, adding 7.1% on a weekly basis.

Tags

Check Also

Why Did the Dow Retreat from Record Highs?

The Dow Jones Industrial Average (DJIA) retreated from its record-setting run, slipping below 46,000 as …

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