Gold rises above $1,800 on weak dollar

2021-09-14 20:37:36 GMT (Economies.com)
Gold rises above $1,800 on weak dollar

Gold prices rose on Tuesday, as the US dollar fell against most currencies, after the release of disappointing economic data.

 

The US consumer price index rose by 0.3% in August, lower than forecasts of 0.4%. 

 

The core reading (excluding food and fuel prices) rose by 0.1%, lower than forecasts of 0.3%.

 

Investors are anticipating the next move of the US Federal Reserve, especially after hinting at reducing the size of its bond-buying program before the end of 2021.

 

The dollar index fell against a basket of major currencies by 0.2% to 92.4 points as of 19:12 GMT, after hitting a high of 92.6 points and a low of 92.3 points.

 

As of 19:13 GMT, gold spot prices rose 0.6% to $1,805.3 an ounce, with a high at $1810.6 and a low at $1,780.6.

 
 
 
  Symbol Last Change Chg.%
1.1732
0.0018
0.1545%
1.3704
0.0028
0.2066%
Tadawul
11270.57
-40.58
0.36%
22.660
0.359
1.610%
73.320
2.387
3.365%
77.56
0.31
0.40%
1753.845
-2.960
0.169%
 
 
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