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- Gold increases the third straight day
Gold increases the third straight day
Gold prices rise due to the depreciation of the dollar against the euro after reports the U.S. Federal Reserve's intention to continue an extremely loose monetary policy.
The dollar fell 0.3 percent against the euro, which reached a five-week, on Thursday to a maximum of U.S. currency. The dollar index fell by 0.19% to reach 79.36 points.
Activity in the physical market is weak, since China and other major Asian markets closed for New Year celebrations of the lunar calendar.
Cost of the February gold futures on the COMEX today rose to 1733.1 dollars per ounce.
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