- Analytics
- News and Tools
- Market News
- Gold approached a one-month high
Gold approached a one-month high
Gold prices approached a one-month high, as a weaker dollar helped the metal regain momentum following a swift selloff late last year, says Dow Jones.
Spot gold rose 0.24% to $1,171.39 per troy ounce in midmorning trade in Europe, the highest price since Dec 7.
Gold is up about 1.68% since trading began for the year on Tuesday, after a swift decline in the gold price following the U.S. election in November nearly wiped out 2016's gains.
The WSJ Dollar Index fell by 0.14% on Thursday. A weaker dollar typically helps gold prices rise, because it makes the metal more affordable for investors who hold other currencies.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
