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Gold rises above $1800 due to the dollar's fall

2021-08-27T10:38:04.148Z


London, SANA- Gold prices rose above the important level of 1800 dollars today, supported by the demand for the safe haven


London-Sana

Gold prices rose above the important level of $1800 today supported by safe haven demand and a weak dollar.

According to Reuters, spot gold rose 0.6 percent to $1802.39 an ounce, while US gold futures rose 0.7 percent to $1807.

The dollar index fell 0.1 percent, which strengthened the attractiveness of gold to holders of other currencies.

As for other precious metals, silver rose 0.8 percent to $23.72 an ounce and is heading towards achieving the largest gain since May, while platinum increased 1.2 percent to $990.69, while palladium rose 1.7 percent to $2432.60 and is heading towards recording the best weekly performance since June, rising by about seven percent.

Source: sena

All business articles on 2021-08-27

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