Open Demo Account
Home / Market Update / Commodities / Gold Futures Rise but Finish Q1 Down 10%

Gold Futures Rise but Finish Q1 Down 10%

M. Ali 1 April, 2021 11:00 pm Commodities, Market Update

Gold prices rose on Thursday for the second consecutive sessions, amid a decline by the U.S. Dollar (USD) after data showed a surge in jobless claims in the United States.

The yellow metal futures for June delivery rose by $12.80, or 0.8%, to close at 1,728.40 per ounce.

During the first quarter (Q1) of 2021, the yellow metal most active contracts decline by 10% in its worst quarterly performance in about four years, which is mainly due to the rise in the U.S. Treasury bond yields and a subsequent rise by the USD.

Tags

Check Also

Canadian Dollar Gives Up Gains as Geopolitical Risks and Fed Outlook Lift US Dollar

As geopolitical uncertainty strengthens demand for the greenback, the Canadian Dollar surrendered much of its …

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