Home / Market Update / Commodities / Gold Scores Second Consecutive Daily Gains

Gold Scores Second Consecutive Daily Gains

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.

Check Also

Adobe Stock Falls Despite Robust Earnings as AI Hopes Waver

Adobe (ADBE) shares dropped on June 13, 2025, after Q2 earnings beat expectations but drew …