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Gold prices rise due to the decline in the dollar


London, SANA- Gold prices rose today, as the dollar’s ​​decline caused a decline in the cost of the yellow metal to holders of the rest


Gold prices rose today, as the dollar's decline caused the cost of the yellow metal to decline for holders of the rest of the currencies, while investors awaited the outcome of the US Federal Reserve meeting to elicit indications on the path of unprecedented monetary stimulus.

And Reuters reported that gold rose in spot trading by 0.1 percent to $ 1867.83 an ounce, after it fell to its lowest level since May 17 at $ 1843.99 yesterday, and US gold futures gained 0.2 percent to $ 1869.

The dollar fell 0.1 percent against its rivals.

As for other precious metals, silver fell 0.5% to $27.71 an ounce, and palladium rose 0.2% to $2756.68, while platinum fell 0.3% to $1,161.

Source: sena

All business articles on 2021-06-17

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