Gold rises as dollar weakens, recovery fears rising demand
The price of gold rose on Thursday, holding firmly above the key level of $ 1,900 an ounce, as the weakness of the US dollar and concerns about the global economic recovery following rising COVID cases 19 boosted demand for the safe haven metal.
FUNDAMENTALS
Spot gold rose 0.7% to $ 1,930.78 an ounce at 12:34 a.m. GMT. US gold futures fell 0.5% to $ 1,940.
The dollar index fell 0.2% against…
Discover more from USNewsRank
Subscribe to get the latest posts sent to your email.