Open Demo Account
Home / Market Update / Commodities / Gold Settles Marginally Higher

Gold Settles Marginally Higher

M. Ali 2 September, 2020 1:02 am Commodities, Market Update

Gold prices closed higher on Tuesday despite giving up some of its earlier higher gains, with the US Dollar (USD) recovering from from its lowest level in nearly two years on the back of strong manufacturing activity data.

Gold futures for December delivery finished marginally higher by 30 cents, or 0.02%, to settle at $1,978.90 per ounce.

This is the highest level for the yellow metal most active contract since August 18.

Tags

Check Also

Dollar Climbs Amid Trade Talk Confusion and Fed Rate Cut Hopes

The US Dollar gained ground on Friday, with the US Dollar Index (DXY) rising 0.37% …

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