Gold stays near one-week high on support from weaker dollar
Metal gains ground as remarks by Jerome Powell that the US economy still needs support boosts its appeal
24 February 2021 - 08:30
Bengaluru — Gold gained on Wednesday, hovering close to a one-week high hit in the previous session, as a weaker dollar and remarks by Federal Reserve chair Jerome Powell that the US economy still needed support boosted bullion's appeal.
Spot gold rose 0.2% to $1,808.65/oz by 3.52am GMT, after hitting its highest since February 16 at $1,815.63 on Tuesday. US gold futures gained 0.2% to $1,809.10...
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.