Money and business

Gold prices rise by more than 2% backed by the dollar’s decline

Gold prices increased by more than 2%, supported by a decline and increased demand for safe haven assets.
While the markets are awaiting the decision of the Federal Reserve (US Central Bank) about this week.
Gold increased in instant transactions 2.3% to $ 3315.09 an ounce, and US gold futures rose 2.4% to $ 3322.3 an ounce upon settlement.

Decrease

The dollar index fell 0.1%, which measures the performance of the US currency against a basket of 6 main currencies, which increased the attractiveness of gold for other currencies.
For other precious metals, silver in instant transactions increased 1% to $ 32.31 an ounce.
Platinum fell 0.4% to 956.05 dollars, and Palladium lost 1.5% to 939.55 dollars.

Related Articles

Back to top button