Updated .. Gold climbs to the fourth session at the highest level of 9 years

0
99


direct: Gold prices rose for the fourth consecutive session when settling trading today, Wednesday, to record the highest level in about 9 years with the increase in epidemic injuries.

The metal rose with strong losses of the US currency during trading amid gains for the euro and sterling.

As a haven in the midst of crises, the yellow metal benefits from the record highs of new cases of the virus that has infected more than 11.8 million people globally.

Federal Reserve officials have expressed concern that the increase in epidemic infections threatens to cut consumer spending and job gains.

The yellow metal’s performance came amid global market volatility, just as the Trump administration began Official withdrawal procedures From the World Health Organization.

Upon settlement, the price of gold futures for August delivery rose by 0.6 percent, or $ 10.70, to $ 1820.60 an ounce, the highest level for this most active contract since September 2011.

By 5:45 pm GMT, the spot price of yellow metal rose by more than 0.8 percent or $ 15.30 to $ 1810.47 an ounce.

At the same time, the main index of the dollar, which follows the performance of the American paper, declined against 6 major currencies, about 0.4 percent at 96.453.







LEAVE A REPLY

Please enter your comment!
Please enter your name here