Open Demo Account
Home / Market Update / Commodities / Gold Rises as USD Declines

Gold Rises as USD Declines

M. Ali 18 December, 2020 1:19 am Commodities, Market Update

Gold prices rose on Thursday, amid a strong decline by the US Dollar (USD) after the release of the Federal Reserve policy statement, which vowed to continue easing the monetary policy.

Gold futures for February delivery added $31.30, or 1.7%, to close at $1,890.40 per ounce.

The yellow metal futures could not maintain the $1,900 per ounce level, a level which it exceeded earlier during today’s trade.

Tags

Check Also

BoJ

Bank of Japan Faces Defining Moment as Rate Hike Looms and Yen Pressures Intensify

The Bank of Japan is preparing for one of its most closely watched policy meetings …

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