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Gold Prices Register New Record High

M. Ali 30 July, 2020 12:23 am Commodities, Market Update

Gold prices continued its rising rally for the ninth consecutive session and closed at yet another new all-time high.

The Federal Reserve’s monetary policy statement did not provide any support for the US Dollar, which remains near its lowest level in two years.

The Dollar index (DXY) is down by 0.38% for the day at 93.34.

Gold futures for August delivery added $8.80 and settled at a new record level of $1,953.40 per ounce.

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