Gold near four-and-a-half-month high as cryptocurrencies keep sliding
The bullion’s momentum is strong and it is likely to challenge a key psychological level at $1,900, analyst says
24 May 2021 - 07:27
Bengaluru — Gold prices climbed on Monday to hover near a 4½-month high, supported by a weaker US dollar and growing inflationary pressure, while a slide in cryptocurrencies further lifted the safe-haven metal’s appeal.
Spot gold was up 0.2% at $1,883.21 per ounce by 5.01am. Last week, gold prices hit their highest level since January 8 at $1,889.75...
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