Report

rss

Iraq News

Kurdistan

Economy

World

All News

Gold edges up as U.S. dollar retracts

Category: Economy

Date: 2021-01-13T10:19:00+0000
Gold edges up as U.S. dollar retracts

Shafaq News/ Gold edged higher on Wednesday as the U.S. dollar and Treasury yields pulled back, and the prospect of massive U.S. fiscal stimulus boosted the metal's appeal as an inflation hedge.

Spot gold rose 0.2% to $1,859.20 per ounce by 07:53 GMT, while U.S. gold futures gained 0.8% to $1,858.

silver dipped 0.2% to $25.52 an ounce, platinum rose 0.3% to $1,079.34 and palladium climbed 0.2% to $2,395.79.

U.S. President-elect Joe Biden said he would unveil on Thursday a plan to inject the virus-hit economy with "trillions" of dollars in relief measures.

related

Gold prices drop as US dollar rises

Date: 2020-08-19 07:30:35
Gold prices drop as US dollar rises

Gold surges as COVID-19 cases rise globally

Date: 2020-12-15 10:08:45
Gold surges as COVID-19 cases rise globally

Gold prices rise within a narrow trading range

Date: 2020-09-22 08:51:32
Gold prices rise within a narrow trading range

Gold prices rise after Biden's win

Date: 2020-11-09 08:21:21
Gold prices rise after Biden's win

Iraq in the 5th place on the list of countries with the largest gold reserves

Date: 2020-08-19 08:18:09
Iraq in the 5th place on the list of countries with the largest gold reserves

Gold rises despite Trump stimulus threat as dollar weakens

Date: 2020-12-23 10:10:12
Gold rises despite Trump stimulus threat as dollar weakens

Gold touches six-week low

Date: 2020-09-23 09:04:59
Gold touches six-week low

Gold rises as softer dollar, stimulus hopes outweigh vaccine optimism

Date: 2020-11-23 08:23:04
Gold rises as softer dollar, stimulus hopes outweigh vaccine optimism