Home / Market Update / Commodities / Gold Rises Amid Weaker Risk Appetite

Gold Rises Amid Weaker Risk Appetite

Gold prices rose on Thursday, because of the higher demand for safe-haven assets with a slump in risk appetite, as investors anticipate the upcoming speech by the U.S. Federal Reserve Chair Jerome Powell in an economic forum on Friday.

The front-month gold futures added $4, or 0.22%, to finish at $1,792.20 per ounce.

The yellow metal, which rose for four of the past five sessions, is still struggling to restore the $1,800 key level and is down month-to-date by 1.13%.

In addition, gold futures rose despite the U.S. Dollar (USD) rising for the first time in five sessions.

Check Also

Bitcoin Struggles as U.S. Trade Tariffs Loom and Rate Cut Bets Fade

Bitcoin prices steadied on Friday after a sharp reversal of recent gains, as traders focused …