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Post Info TOPIC: New York gold to close down $ 1.5 as dollar appreciation

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New York gold to close down $ 1.5 as dollar appreciation






New York gold futures closed lower on Friday (18 Dec), pressured by investors to sell gold, a safe haven. After the US dollar appreciated against various currencies. And the price of gold has decreased due to profit-taking. After the price hit a six-week high on Thursday past.

COMEX (Commodity Exchange) gold   slotxo contract for February delivery It was down $ 1.5, or 0.08%, to $ 1,888.9 an ounce. But this week Gold prices are still up around 2.5%.

Silver metal contract for March delivery December wheat was 14.8 cents, or 0.57 percent, to $ 26.033 an ounce.

Platinum contract delivered in Jan. It was down $ 7, or 0.67%, to $ 1,043.1 an ounce.

The Palladium contract was delivered in March. Up $ 24.50, or 1.00%, to $ 2,372.00 / ounce.

Gold contracts were pressured by the strength of the dollar. By dollar index The dollar's movement index against the six major currencies in the currency basket rose 0.22 percent to 90.0200 last night.



The strength of the dollar makes the gold contract, which is priced in dollars. More expensive And less attractive to investors holding other currencies




Market analysts expected. Gold price outlook remains strong in the short and medium term. As it is likely to be inflationary from the recent stimulus measures in the US


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-- Edited by shantot on Tuesday 6th of April 2021 08:38:25 AM

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