Open Demo Account
Home / Market Update / Commodities / Gold Finishes at New Record High

Gold Finishes at New Record High

M. Ali 28 July, 2020 11:00 pm Commodities, Market Update

Gold prices settled higher on Tuesday after recovering from brief losses, achieving a new record high closing level for the third consecutive session.

Concerns regarding the COVID-19 pandemic, as reflected by the decline in the US consumer confidence index, have spurred demand for safe havens.

Gold futures for August delivery increased by $13.60 or 0.7% to settle at $1,944.60 per ounce.

Earlier today, the yellow metal was trading as high as nearly $1,975 per ounce.

Tags

Check Also

Gold Breaks Below $4,000 for First Time Since November: Down 30% From January Record as Fed Tightening Bets Crush Bullion

Key Takeaways Gold breaches $4,000: Spot gold slipped 0.5% to $3,978.60 per ounce — hovering …

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