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Gold rises with the decline of the dollar

2020-11-23T13:33:00.072Z


London-SANA, gold prices rose today, after the weak dollar and hopes of monetary stimulus in the United States dashed


London - Sana

Gold prices rose today, after the weakness of the dollar and hopes of monetary stimulus in the United States to ease the damage to the economy due to the Corona pandemic dashed optimism about the possibility of distributing a vaccine for Covid 19 next year.

According to Reuters, gold rose in spot transactions 0.2 percent to $ 1873.51 an ounce, while there was little change in the US gold futures contracts at $ 1871.70.

The yellow metal also received support from the dollar's decline, which reduces the cost of buying gold for holders of the rest of the currencies.

As for other precious metals, silver rose 0.5 percent to $ 24.25 an ounce, platinum rose 0.1 percent to $ 946.43 an ounce, and palladium gained 0.6 percent to $ 2339.56.

Source: sena

All business articles on 2020-11-23

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