Open Demo Account
Home / Market Update / Commodities / Gold Finishes Lower for First Time This Week

Gold Finishes Lower for First Time This Week

M. Ali 9 December, 2020 11:56 pm Commodities, Market Update

Gold prices declined for the first time this week, after two consecutive rises, as both the US Treasury yields and the US Dollar (USD) rose on Wednesday.

In addition, positive news about Coronavirus vaccines are limiting demand for safe havens.

Gold futures for February delivery decreased by $36.40, or 1.9%, to settle at $1,838.50 per ounce.

Tags

Check Also

Gold Nears $4,100 as Renewed U.S.-China Trade Tensions Drive Safe-Haven Demand

Gold prices surged to fresh record highs in Asian trading on Monday, approaching the $4,100 …

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