Open Demo Account
Home / Market Update / Commodities / Gold Settles Higher as COVID-19 Cases Surge

Gold Settles Higher as COVID-19 Cases Surge

M. Ali 12 November, 2020 11:21 pm Commodities, Market Update

Gold prices rose on Thursday, amid increased concerns about the rising number of Coronavirus cases in the United States.

The US recorded a record 200,000 cases of COVID-19 in a single day, the highest on record.

The rise of the yellow metal comes as the US Dollar (USD) is also showing a mixed performance against major currencies.

Gold futures for December delivery increased by $11.70, or 0.6%, and settled at $1,873.30 per ounce.

Tags

Check Also

Fed’s Cautious Stance Dampens Stock Market Rally

The Federal Reserve’s decision to implement a 25-basis-point interest rate cut, while anticipated by market …

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