Weaker dollar pushes gold to one-week high
US gold futures were up while the greenback index was down, making bullion cheaper for holders of other currencies
16 November 2020 - 07:45
Bengaluru — Gold prices touched a one-week high on Monday propped up by a weaker dollar, while mounting US coronavirus cases escalated concerns of the pandemic’s impact on economic recovery underpinning hopes of further monetary stimulus.
Spot gold rose 0.5% to $1,896.85 per ounce by 5.29am, after hitting its highest level since November 9 at $1,898.81 earlier in the session...
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