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Lower gold prices

2020-09-30T08:03:21.310Z

London - SANA Gold is heading towards its biggest monthly decline in nearly four years, affected by the rise in the dollar. According to Reuter



London - Sana

Gold is heading towards recording its biggest monthly decline in nearly four years, affected by the rise in the dollar.

According to Reuters, gold in spot transactions decreased 0.6 percent to 1885.81 dollars an ounce, dropping 4.3 percent since the beginning of this month, to be the worst monthly performance since November 2016.

US gold futures also fell 0.5 percent to 1893.30 dollars.

The dollar index rose 0.1 percent, to go towards the largest monthly gain since July 2019, which increases the cost of gold to holders of other currencies.

As for other precious metals, silver decreased 1.7 percent to $ 23.76 an ounce, platinum fell 1.9 percent to $ 867.72, and palladium rose 0.5 percent to $ 2319.05.

Source: sena

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