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Gold rises as the dollar falls


New York - SANA Gold rose by up to 2.5 percent today, recovering from its lowest level in nearly three weeks

New York-Sana

Gold rose by 2.5 percent today, recovering from the lowest level in nearly three weeks recorded in the previous session, with the decline of the dollar and after data that showed a slow recovery for the US labor market.

Reuters reported that the spot price of gold scored 1.9 percent to 1954.37 dollars an ounce, after falling from 1900 dollars yesterday.

US gold futures also increased 1.1 percent, to determine the settlement price at $ 1970.40.

As for the other precious metals, silver increased 8.4 percent, then trimmed its gains to 6.6 percent at $ 27.55 an ounce.

Platinum also rose 2.7 percent to $ 956.53, while palladium rose 1.9 percent to $ 2,170.68.

Source: sena

All business articles on 2020-08-13

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