Silver closes higher, gains 30% this month

2020-07-31 20:02:09 GMT (Economies.com)
Silver closes higher, gains 30% this month

Silver prices rose on Friday, despite the dollar's rise against most currencies, as precious metals attracted demand due to a drop in stock markets.

 

The markets digested the US data that was released yesterday and showed the US GDP contracted 32.9% in the second quarter.

 

The dollar index rose against a basket of currencies by 0.3% to 93.3 points as of 19:28 GMT, after hitting a high of 93.3 and a low of 92.2.

 

Silver September futures rose 3.7%, to close at $24,216 an ounce, with weekly losses of 1.2%, but posted monthly gains of 30%, after hitting a day high of $24.5 and a low of $23.4

 

Gold August futures rose 1% to close at the all-time highest level at $1,985.9 an ounce, and posted weekly gains of 5% and monthly gains of 10.5%, which are the largest since 2012.

 
 
 
  Symbol Last Change Chg.%
1.1785
0.0075
0.6435%
1.3052
0.0037
0.2828%
Tadawul
7499.97
10.08
0.13%
28.209
3.962
16.340%
41.550
1.115
2.757%
44.64
-0.45
1.00%
2032.160
62.805
3.189%
 
 
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