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Gold jumps 1% Surpassing $ 2,000

Adel 18 August, 2020 3:24 pm Commodities, Market Update

Gold prices rose 1% to surpass the $ 2,000 mark on Tuesday, August 18, in light of the decline of the US currency to its lowest level in more than two years, and dealers ’focus on the minutes of the latest meeting of the US Federal Reserve scheduled for release this week.

By 07:17 GMT, the spot price of gold was up 0.7% to $ 1999.26 an ounce, after hitting an earlier week’s peak at $ 2007.19. US gold futures rose 0.5% to $ 2007.60.

The price of silver increased 2.1% to $ 27.97 an ounce, and platinum advanced 1.5%, recording $ 963.29, while palladium fell 0.4% to $ 2190.20 an ounce.

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