Open Demo Account
Home / Market Update / Commodities / Gold Returns to Decline Even as USD Rebound Stops

Gold Returns to Decline Even as USD Rebound Stops

M. Ali 13 January, 2021 1:00 am Commodities, Market Update

Gold prices declined on Tuesday, giving up gains seen earlier in the second session of the week.

The downward trend of the yellow metal continues even as the U.S. Dollar (USD) is returning to the negative territory.

Gold futures for February delivery lost $6.60, or 0.4%, to close at $1,844.20 per ounce.

Meanwhile, silver futures for March delivery gained 15.1 cents, or 0.5%, to finish at $25.435 per ounce.

Tags

Check Also

Fed’s Musalem Warns: Monetary Policy Must Proceed With Caution

The President of the Federal Reserve Bank of St. Louis, Alberto Musalem, delivered a measured …

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