Open Demo Account
Home / Market Update / Commodities / Gold Finishes at Highest Level in Week

Gold Finishes at Highest Level in Week

M. Ali 15 December, 2020 11:30 pm Commodities, Market Update

Gold prices rose on Tuesday to close at their highest level in a week, despite improved investors’ sentiment due to positive news about new Coronavirus vaccines.

Gold futures for February delivery gained $23.20, or 1.3%, to settle at $1,855.30 per ounce.

This is the best closing level for the yellow metal most active contracts since last Tuesday.

It is worth noting that the market is anticipating the outcome of the Federal Reserve last meeting of 2020, which concludes on Wednesday.

Tags

Check Also

Yen Soars as Powell’s Remarks Spur Rate Cut Bets

The Japanese yen advanced sharply against the US dollar on Friday, as Federal Reserve Chair …

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