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Gold is recovering from the lowest level in 5 months

2020-12-01T19:05:35.681Z

London-Sana Gold prices rose today after heavy selling pushed it to its lowest level in five monthsLondon - Sana Gold prices rose today after heavy selling that pushed it to its lowest level in nearly five months in the previous session, to renewed interest in the yellow metal, which represents a safe haven in light of the high number of corona infections and the uncertain economic prospects. Reuters reported that gold rose in spot transactions 0.5 percent to 1785.10 dollars an ounce, and US



London - Sana

Gold prices rose today after heavy selling that pushed it to its lowest level in nearly five months in the previous session, to renewed interest in the yellow metal, which represents a safe haven in light of the high number of corona infections and the uncertain economic prospects.

Reuters reported that gold rose in spot transactions 0.5 percent to 1785.10 dollars an ounce, and US gold futures won 0.4 percent to 1788.50 dollars.

The precious metal recorded its worst monthly decline in four years yesterday, dropping to 1764.29 dollars an ounce, the lowest level since the second of July.

As for other precious metals, silver rose 1.1 percent to $ 22.85 an ounce, while platinum rose 1.7 percent to $ 981.37, and palladium's profit rose 0.6 percent to $ 2387.70.

Source: sena

All business articles on 2020-12-01

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