T + T – normal size
Gold futures prices started the new year with a sharp decline during trading on Monday, at a time when the dollar rose against other major currencies, and stock prices rose in global markets, with optimism about economic growth outweighing fears of the repercussions of the high numbers of new infections with the emerging Corona virus.
The yield on Treasury bonds also rose along with the rise of the dollar, which affected the attractiveness of the yellow metal to investors as an investment haven.
The dollar’s value index rose against the major currencies yesterday to 96.33 points during trading, before losing part of its gains at the close of trading to record 96.22 points, a decline of 0.27 compared to the previous session’s trading.
The yield rate on the ten-year US Treasury bonds also rose to 1.629 percent.
In the metals market, the price of gold fell by 28.50 dollars; That is, by 1.6 percent to $1800.10 an ounce for delivery next February, which is its lowest level since December 21.
The price of silver fell by $0.542 to $22.810 per ounce for delivery next March, while the price of copper fell by $0.420 to $4.4215 per pound for delivery next March.
Follow the economic statement via Google News
Print
Email
Facebook
Twitter
LinkedIn
Pin Interest
Whats App
These were the details of the news Sharp decline in gold prices with the rise of the dollar for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.
It is also worth noting that the original news has been published and is available at saudi24news and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.
