Weaker dollar and stimulus hopes boost gold
Longer bull run forecast for bullion as greenback index hits a 10-week low
09 November 2020 - 07:40
Bengaluru — Gold prices firmed on Monday, bolstered by a weaker dollar and the hope of more coronavirus stimulus measures under US president-elect Joe Biden.
Spot gold rose 0.3% to $1,956.57/oz by 5.19am. On Friday, it hit $1,960.13, the highest since September 17. US gold futures gained 0.3% to $1,956.60/oz...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.