Gold Rises Supported by Weak Dollar

Gold prices rose Monday, September 21st, buoyed by the dollar’s weakness as investors looked for words from US Fed policymakers this week to learn more about the central bank’s approach to inflation.

Spot of gold rose 0.2% to 1952.59 dollars an ounce by 05:30 GMT. And gold in US futures fell 0.1% to 1959.40 dollars an ounce.

Gold has risen about 29% this year, as governments around the world and central banks launch unprecedented stimulus measures to revitalize their economies hit by the Corona virus.

In terms of other precious metals, silver rose 0.1% to $ 26.79 an ounce, platinum increased 0.9% to $ 936.27 and palladium increased 1.2% to $ 2384.06 an ounce.