Gold rises globally

0
9


News Agent –After a sharp decline in the previous session, gold rose today, as the cessation of the dollar’s ​​rise fueled the purchases of this metal, which is a safe haven, and gold also received support from the increase in cases of Coronavirus.

Add an advertisement

By 08:05 GMT, gold was trading in spot contracts at $ 1879.71 an ounce, up 0.1% from the previous settlement price.
While US gold futures rose 0.1%, to $ 1880.10 an ounce.

Vandana Bharti, associate vice president for commodity research at CMC Comtrade, said, “The US elections and the expectation that the dollar index will stop going up is boosting gold.”

She added, “In giant economies such as France and Germany, the number of cases of Covid-19 is increasing, and they tend to impose closures again. So in this situation, some buying takes place in gold in search of a safe haven.”

Source: Russia Today

Show related news

Show related news

Show related news

Show related news

Show related news

Show related news

Show related news

Show related news



LEAVE A REPLY

Please enter your comment!
Please enter your name here