12 Articles
12 Articles
Today, on Wednesday, gold prices rose, supported by the fall of the dollar, after Democrats made significant victories in the US Mid-Renovation election, while investors await the release of non-agricultural job statements later this week in search of indicators on the course of US monetary policy. The price of gold in immediate transactions rose by 2.2 per cent to $406.01 [...]
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Gold, silver surge up to 3 pc over weaker US dollar, geopolitical uncertainty
New Delhi, Nov 4 (SocialNews.XYZ) Gold and silver prices extended gains on Wednesday, with precious metals surging up to 3 per cent amid support from a weaker US dollar, lower Treasury yields and continued geopolitical... - Social News XYZ
Gold recovers losses from the previous session and exceeds $ 3,960 per ounce. The precious metal rose up to 0.9%, supported by the decline in the dollar and US Treasury yields. Thus, buyers are returning after the previous decline. However, the intra-session rise does not prejudge the final close. How the dollar supports gold A weaker dollar makes gold cheaper for those buying in other currencies. Therefore, the decline in the US currency can st…
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