Open Demo Account
Home / Market Update / Forex Market / Gold in a Narrow Range

Gold in a Narrow Range

Adel 3 July, 2020 12:46 pm Forex Market, Market Update

Gold recorded stability and remained in a narrow trading range of five dollars on Friday, influenced by fears of a high number of Covid 19 cases and continued trade tensions between the United States and China as well as a higher-than-expected payroll report (NFP).

There was little change in gold and held at $1775.35 an ounce at 06:47 GMT with the US markets closed on Friday due to Independence Day holiday.

The United States announced 55,000 new infections on Thursday.

As for the other precious metals, palladium decreased by 0.4%, platinum rose 0.8%, and silver gained 0.4%.

Tags

Check Also

Why Did the Dow Retreat from Record Highs?

The Dow Jones Industrial Average (DJIA) retreated from its record-setting run, slipping below 46,000 as …

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