Open Demo Account
Home / Breaking News / Gold Touches a High of 1825

Gold Touches a High of 1825

Adel 14 July, 2021 4:35 pm Breaking News, Commodities, Market Update

Gold prices rose on Wednesday, July 14th, after receiving a boost from falling US Treasury yields and the dollar

Gold touches a high of 1825 as we mentioned in our morning report after it got the bullish momentum at 1797 taking advantage of falling USD.

The yellow metal rose after a confrontation against the US dollar after inflation data, and investors resorted to it as a hedge against inflation.

The dollar index fell 0.2%, after posting its best daily percentage gain in nearly a month on Tuesday. Ten-year Treasury yields also fell.

Tags

Check Also

Crypto Market Reeling following Dampened Rate Cut Expectations, Bitcoin Falls Below $100,000

The cryptocurrency market has experienced a significant downturn, with Bitcoin plunging below $100,000, trading at …

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