Report

rss

Iraq News

Kurdistan

Economy

World

All News

Gold firms on dollar slide, U.S. stimulus hopes

Category: Economy

Date: 2020-10-01T09:01:50+0000
Gold firms on dollar slide, U.S. stimulus hopes

Shafaq News / Gold edge up on Thursday as a softer dollar and signs of progress in negotiations over fresh U.S. stimulus measures bolstered the metal’s appeal.

Spot gold rose 0.4% to $1,892.23 per ounce by 05:55 GMT, starting the new month on a positive note after it slumped to its biggest monthly drop since late 2016 in September.

U.S. gold futures inched 0.2% higher to $1,899.80 an ounce.

The dollar index slipped 0.2% against its rivals to hover near a one-week low, making gold less expensive for holders of other currencies.

U.S. Treasury Secretary Steven Mnuchin on Wednesday said talks with House Speaker Nancy Pelosi “made a lot of progress” on the long-awaited COVID-19 relief legislation.

Among other precious metals, silver rose 1.8% to $23.64 per ounce. Platinum hit a more than one-week high of $904.15 per ounce.


related

PRECIOUS-Virus worries lift gold ahead of key U.S. jobs data

Date: 2021-07-01 06:44:55
PRECIOUS-Virus worries lift gold ahead of key U.S. jobs data

PRECIOUS-Gold falls as investors fret over U.S. stimulus delay

Date: 2020-12-10 09:27:41
PRECIOUS-Gold falls as investors fret over U.S. stimulus delay

PRECIOUS-Gold slides to 1-1/2 month low on elevated U.S. yields, dollar

Date: 2021-09-28 12:59:37
PRECIOUS-Gold slides to 1-1/2 month low on elevated U.S. yields, dollar

Gold eases as dollar ticks up

Date: 2021-02-12 09:11:37
Gold eases as dollar ticks up

Gold prices drop in the Iraqi capital today

Date: 2021-11-20 11:28:23
Gold prices drop in the Iraqi capital today

PRECIOUS-Gold firms near key $1,800 level as dollar weakens

Date: 2021-10-25 07:13:22
PRECIOUS-Gold firms near key $1,800 level as dollar weakens

Precious-Gold gains as dollar, U.S. Treasury yields lose shine

Date: 2021-04-06 06:57:28
Precious-Gold gains as dollar, U.S. Treasury yields lose shine

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