Gold closes higher, shrugs off stronger dollar

2019-09-11 19:20:36 GMT (Economies.com)
Gold closes higher, shrugs off stronger dollar

Gold prices rose today on the markets uncertainty about the upcoming ECB decision and the impacts of the US national security adviser dismissal.

 

President Trump had fired yesterday the national security adviser John Bolton due to deep fundamental disagreements between them.

 

Trump renewed his requests of the US Federal Reserve to cut interest rates to zero or below to support markets and the economy.

 

The markets are also anticipating the ECB interest rate decision tomorrow with forecasts of rate cut to negative interest to support the European economy.

 

By 18:17 GMT, dollar rose by 0.3% to 98.6 points, with a high of 98.7 and a low of 97.8.

 

Gold futures (December delivery) rose by 0.3% to close at $1,503.2 an ounce, with a high of $1,505.6 and a low of $1,492.9.

 
 
 
  Symbol Last Change Chg.%
1.1019
-0.0001
0.0065%
1.2472
0.0003
0.0236%
17.964
0.513
2.940%
58.477
3.583
6.527%
64.28
-0.12
0.19%
1516.410
27.430
1.842%
 
 
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