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Gold Maintains Gains as USD Weakens

M. Ali 10 September, 2020 12:00 am Commodities, Market Update

Gold prices rose on Wednesday for the second consecutive day supported today by a decline in the US Dollar (USD) amid a rebound by the Euro ahead of the European Central Bank’s (ECB) upcoming meeting.

Gold futures for December delivery increased by $11.70, or 0.6%, and settled at $1,954.90 per ounce.

Meanwhile, silver futures for December delivery closed higher by 9 cents, or 0.3%, at $27.083 per ounce.

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