Weaker dollar buoys gold, while platinum scales a six-year high
US inflation numbers due on Wednesday are the key risk for bullion, says market analyst
10 February 2021 - 07:52
Bengaluru — Gold rose on Wednesday, hovering near a one-week peak hit in the previous session, as a weaker dollar and rising hopes of a US stimulus elevated bullion’s appeal as a hedge against inflation.
Spot gold rose 0.3% to $1,842.41/oz by 0342 GMT. Prices hit their highest since February 2 at $1,848.40 in the previous session. US gold futures gained 0.3% to $1,843.50...
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.