Open Demo Account
Home / Market Update / Commodities / Gold Returns to Gains and Restores $1,800 Level

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.

Tags

Check Also

ECB Divided on Inflation Risks as Eurozone Economy Slows

The European Central Bank found itself at a crossroads during its October meeting, with policymakers …

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