Gold closes more than 1% higher on falling dollar

2021-05-04 10:18:18 GMT (Economies.com)
Gold closes more than 1% higher on falling dollar

Gold prices rose on Monday, and closed near the $1800 barrier once again, as the US dollar fell against most of its peers.

 

Although several countries managed to contain the Covid-19 pandemic, India is still an exception to this, as it is now facing a sharp spike in the infection rate and deaths, while the health system is being overwhelmed.

 

The US Federal Reserve decided last week to keep the interest rate between 0.0% and 0.25% unchanged.

 

The dollar index fell against a basket of currencies by 0.3% to 90.9 points as of 20:32 GMT, after it hit a high of 91.3 points and a low of 90.8 points.

 

Gold June futures rose 1.4% or $24.10, and closed at $1,791.8 an ounce.

 
 
 
  Symbol Last Change Chg.%
1.2080
-0.0093
0.7652%
1.4035
-0.0101
0.7138%
Tadawul
10322.68
86.96
0.85%
26.971
-0.834
2.998%
64.629
-0.763
1.167%
67.78
-1.54
2.22%
1816.490
-27.735
1.504%
 
 
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