Gold prices rise $4 as the US currency declines

by times news cr

‌2023-11-23T07:46:01+00:00

‍ ​ ‌ ‍ ‌ ​
​ ⁢ ‌ ⁣ ​ ⁢ ‍ A-
⁢ ⁣ ‌ ⁢ A
⁤ ‌ ⁢ ‍ ⁤ ​ ‌ ⁤ ​ ⁣ ​A+
​ ⁤ ‌ ‌ ‌ ‍ ⁤

/ gold prices rose to more ​than $4⁢ during ⁣trading today, Thursday, in an attempt to compensate for the losses they suffered during the previous session with the decline of the US currency.

The precious⁢ metal is trading near the main support level at $2,000 per ounce,supported by lower Treasury bond‌ yields and demand for​ gold.

By 06:47 AM GMT, gold futures ‍prices – for ⁤delivery in February 2024 -‍ rose ⁢by⁤ 0.22%, or the equivalent⁣ of $4.5, to reach $2,017.70.

The ⁢prices​ of contracts for immediate delivery of gold‍ increased by 0.32% to ‍$1,996.53 per ounce,‍ according to​ figures seen⁢ by the specialized energy platform.

At ⁢the same time, the spot price of‍ silver metal rose by 0.30% to $23.70‍ per ounce, and the spot price of platinum increased by about 0.38% at $929.55 per ounce,​ while the spot price of palladium fell by‍ 0.06%, to record $1061.82 ‍per ounce.

While the dollar index -⁢ which monitors the performance of the ‌US currency⁤ against 6 ⁣major currencies – declined by 0.27%, reaching the level of 103.64 points.

You may also like

Leave a Comment