Gold rises as dollar pressure eases

Economies.com
2021-10-20 19:28PM UTC

Gold prices rose on Wednesday, as the US dollar fell against most currencies, amid focus on the corporate earnings season.

 

The White House revealed a plan to vaccinate children from 5 to 11 years old against the coronavirus.

 

The US Food and Drug Administration fully approved the Pfizer-BioNTech Covid-19 vaccine, after clinical tests proved its safety for use, and the vaccine was also tested on children and proven safe.

 

The dollar index fell against a basket of major currencies by less than 0.2% to 93.5 points as of 19:04 GMT, after hitting a high of 93.8 points and a low of 93.5 points.

 

Gold spot futures rose 0.9% to $1,786.6 an ounce as of 19:05 GMT, after hitting a day high of $1789.6 and a low of $1767.1.

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