Open Demo Account
Home / Market Update / Commodities / Gold Scores Second Consecutive Daily Gains

Gold Scores Second Consecutive Daily Gains

M. Ali 12 August, 2021 1:02 am Commodities, Market Update

Gold prices rose on Wednesday with the decline of the U.S. Dollar (USD) after data showed that inflation in the United States registered 5.4% in July.

The yellow metal managed to close higher for the second consecutive day, registering its highest gains since July 29.

Gold front-month futures gained $21.60, or 1.25%, to finish at $1,750.40 per ounce.

The Dollar Index (DXY) that measures the greenback’s performance against a basket of six major international currencies is down by 0.17% at 92.9.

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