Open Demo Account
Home / Market Update / Commodities / Gold Finishes Lower as USD Rises

Gold Finishes Lower as USD Rises

M. Ali 22 October, 2020 11:44 pm Commodities, Market Update

Gold prices declined on Thursday as the US Dollar (USD) showed signs of recovery from its decline yesterday.

In addition, remarks suggesting a near agreement for a new stimulus package in the United States supported risk appetite among investors and reduced demand for safe havens.

Gold futures for December delivery closed lower by $24.90, or 1.3%, at $1,904.60 per ounce.

Tags

Check Also

U.S. Jobless Claims Dip Slightly, Easing Concerns Over Labor Market Weakness

The number of Americans filing new applications for unemployment benefits edged lower last week, offering …

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