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Gold prices rise

2020-10-27T09:12:04.215Z

London - SANA Gold prices rose today, as a new wave of infections with the Coronavirus threatened to slow recovery



London-Sana

Gold prices rose today as a new wave of infections with the Coronavirus threatened to slow the global economic recovery, adding to the appeal of the yellow metal as a safe haven.

Reuters reported that gold increased in the spot market 0.2 percent to 1906.883 dollars an ounce.

And rose in futures trading in the United States 2 percent to 1909.50 dollars.

The dollar index fell 0.1 percent against its rivals under the pressure of strong economic data from China and South Korea, which makes gold cheaper for holders of other currencies.

As for the other precious metals, palladium increased 1.3 percent to 2381.86 dollars an ounce, while platinum rose 1 percent to 878.45 dollars, and silver rose 0.6 percent to 24.47 dollars an ounce.

Source: sena

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