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Gold prices rise in light of the fall of the dollar

2019-12-16T09:20:05.316Z


London-Sana Gold prices rose this morning, offsetting its losses in light of the weakening dollar. Reuters reported that the price of gold a


London-Sana

Gold prices rose this morning, offsetting their losses in light of the weak dollar.

Reuters reported that the spot gold price rose 0.2 percent to $ 1477.73 an ounce.

Gold rose in US futures contracts 0.1 percent to 1482.10 dollars, and gold rose 15 percent since the beginning of the year as a result of the war of customs duties, which lasted for months and its impact on the global economy.

And the dollar index fell 0.2 percent against a basket of major currencies, making gold cheaper for holders of other currencies.

Palladium rose 0.7 percent in spot transactions to 1944.03 dollars an ounce, and the metal used in cars recorded record levels at 1979.95 dollars in the previous session due to concerns about supplies and silver increased 0.7 percent to 17.05 dollars an ounce, while platinum rose 0.5 percent to 932.62 dollars.

Source: sena

All business articles on 2019-12-16

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