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Gold Returns to Gains and Restores $1,800 Level

M. Ali 23 February, 2021 12:45 am Commodities, Market Update

Gold prices rose on Monday, opening the week with a positive performance and restoring the $1,800 key price level, amid expectations for a rise in inflation.

In addition, the decline by the U.S. Dollar (USD) helped gold returns to gains, scoring its biggest daily rise since early January.

The yellow metal futures for April delivery increased by $31, or 1.7%, and closed at the level of $1,808.40 per ounce, reaching their highest level since February 12.

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