empty
 
 

23.05.202218:05:00UTC+00Gold Futures Settle Higher As Dollar Turns Weak

Gold futures settled higher on Monday, extending gains to a third straight session, as the dollar dropped down, coming further off the two-decade highs it touched recently.

A surge in coronavirus cases in Beijing and fears of economic slowdown pushed up the demand for the safe haven metal.

The dollar weakened against major currencies after U.S. President Joe Biden said he was weighing cutting tariffs on Chinese goods. "I am considering it. We did not impose any of those tariffs. They were imposed by the last administration and they're under consideration," Biden said.

The dollar index dropped to 102.07, losing nearly 1.1%.

Gold futures for June ended higher by $5.70 or about 0.3% at $1,847.80 an ounce, the highest close in about two weeks. Gold futures climbed to a high of $1,864.30 earlier in the session.

Silver futures for July ended higher by $0.049 at $21.723 an ounce, while Copper futures for July settled at $4.3455 per pound, gaining $0.0695.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $5000 more!
    In November we raffle $5000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Ҳозир телефон орқали гаплаша олмайсизми?
Саволингизни беринг чатда.
Widget callback