Open Demo Account
Home / Market Update / Commodities / Gold Futures Close above $2,020 per Ounce

Gold Futures Close above $2,020 per Ounce

M. Ali 4 August, 2020 10:56 pm Commodities, Market Update

Gold prices surged on Tuesday, closing at a new record level due to increased demand on safe havens and a decline in US Treasury bond yields.

Despite the US Dollar (USD) showing recovery signs on the back of positive economic data, the precious metal was over to continue its upward trend.

Gold futures for December increased by $34.70 or 1.7% to settle at $2,021 per ounce.

Tags

Check Also

Dollar Dominates: Tariffs and Steady Inflation Fuel Greenback’s Surge

The US Dollar Index (DXY) is poised to cap off a robust week, firmly entrenched …

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