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Gold Futures Rise and Head to Weekly Gains

M. Ali 2 October, 2020 12:51 am Commodities, Market Update

Gold prices rose on Thursday to its highest closing level in about two weeks, amid the decline of the US Dollar (USD).

Gold futures for December delivery increased by $20.80, or 1.1%, and closed at $1,916.30 per ounce, its highest finish since September 18.

The yellow metal is now heading to a 2% rise.

In September, gold lost 4.2%, however, it posted a 5.3% rise during the third quarter (Q3) of 2020.

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