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Gold Prices Rise for Fourth Session in Row

M. Ali 11 February, 2021 1:41 am Commodities, Market Update

Gold prices rose on Wednesday for the fourth consecutive session, as the U.S. Dollar (USD) declined following the release of the reading of the Consumer Price Index (CPI) in January.

The market is still expecting the United States Congress will soon pass a huge stimulus relief package, around $1.9 trillion, as proposed by President Joe Biden.

Gold futures for April delivery gained $5.20, or 0.3%, and closed at $1,842.70 per ounce, maintaining yesterdays’ gains that saw it reach its highest closing level since the beginning of the month.

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