Home / Market Update / Commodities / Gold Prices Rise for Fourth Session in Row

Gold Prices Rise for Fourth Session in Row

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.

Check Also

Dollar Climbs Amid Trade Talk Confusion and Fed Rate Cut Hopes

The US Dollar gained ground on Friday, with the US Dollar Index (DXY) rising 0.37% …