latest news

Gold is climbing and the dollar is falling

Gold rose for the eighth session in a row, as the dollar fell, prompting investors to buy it, while palladium rose to a 17-year high.

Gold prices rose more than 3% in the past two weeks as the dollar weakened by the yellow metal. By 10:30 GMT (1330 Moscow time), spot gold rose 0.2% to $ 1285.35 an ounce, while gold increased in decades American futures futures increased by $ 2.60 to $ 1290.10 an ounce.

The dollar slipped against the euro on Wednesday. Traders said there was little news to support the rise of the euro, but some investors were poised for a possible rise in the single currency at the start of the new year, after a remarkable performance in 2017, which recorded the best annual performance against the US currency since 2003.

Despite a relative slump in the fourth quarter, gold has risen 10% this year and is heading towards its biggest annual gain since 2010.

Among other precious metals, palladium rose more than 1% to its highest level since February 2001 to $ 1069.50 an ounce, before falling to $ 1059.20 an ounce, up 0.7%.

Silver rallied 0.5% to $ 16.62 an ounce, after rising earlier in the session to $ 16.64 an ounce, its highest level since late November.

The post Gold is climbing and the dollar is falling appeared first on News Wire Now.

Related Articles

7 Comments

  1. 111468 149451Greatest fighter toasts ought to entertain and supply prize on your couples. Initially audio system next to obnoxious crowd would be wise to realize 1 specific gold colored strategy as to public speaking, which is individual interests self. best man jokes 499925

  2. Hi there! Someone in my Myspace group shared this website with us
    so I came to give it a look. I’m definitely enjoying the information. I’m book-marking and
    will be tweeting this to my followers! Superb blog and excellent design.

  3. Heya! I just wanted to ask if you ever have any issues with hackers?
    My last blog (wordpress) was hacked and I ended up losing several weeks of hard work due to no
    backup. Do you have any solutions to stop hackers?

  4. Hello, i think that i saw you visited my web site thus i came to
    “return the favor”.I am trying to find things to improve my web site!I suppose its ok to use some of your ideas!!

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button