Gold closes higher despite rising dollar

2021-01-13 22:13:08 GMT (Economies.com)
Gold closes higher despite rising dollar

Gold prices rose on Wednesday, and shrugged off a frim dollar and upbeat economic data.

 

Data showed today that the US consumer price index rose in by 0.4% during December, and the core reading (excluding energy and food prices) rose 0.1%, after rising by 0.2% in November. 

 

Investors are anticipating President-elect Joe Biden's plans to launch a huge stimulus package to support the US economy that is worth trillions of dollars, as he said more details would be revealed on Thursday.

 

The dollar index rose against a basket of major currencies by 0.2% to 90.3 points as of 20:10 GMT, after hitting a high of 90.3 points and a low of 89.9 points.

 

Gold February futures rose 0.6% or $10.7, and closed at $1,854.90 an ounce, with today’s high at $1,863, and the low at $1,849.1.

 
 
 
  Symbol Last Change Chg.%
1.2130
0.0065
0.5383%
1.3680
0.0131
0.9683%
Tadawul
8878.30
-29.61
0.33%
25.817
0.912
3.662%
53.110
0.810
1.549%
56.08
-0.23
0.41%
1870.230
34.115
1.858%
 
 
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