Open Demo Account
Home / Market Update / Commodities / Gold is consolidating above $1800

Gold is consolidating above $1800

Adel 6 July, 2021 3:07 pm Commodities, Market Update

Gold prices rose 1% on Tuesday after it crossed the $1,800 barrier, supported once again by a weak dollar, as investors’ eyes turned to the minutes of the Federal Reserve’s June meeting to elicit more indications about the monetary policy decision.

Spot gold rose 0.8 percent to $1,805.51 an ounce by 0905 GMT, after touching its highest level since June 17 at $1,808.91.

US gold futures jumped 1.2 percent to $ 1805.20.

Tags

Check Also

Oil Prices Edge Higher Amid Positive Market Sentiment

Oil prices climbed on Tuesday, reversing losses from the previous session, as analysts pointed to …

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