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Spot gold prices were higher again on Thursday on the back of a weaker US dollar, MarketWatch reported.
Spot gold prices were higher again on Thursday on the back of a weaker US dollar, MarketWatch reported.
As quoted in the publication:
Spot gold was up 0.2% at $1,071.80 a troy ounce in morning European trade, moving within a narrow $5 range between $1,069.96 an ounce and $1,074.57 an ounce.
A weaker dollar tends to take the pressure off gold, which is priced in the U.S. currency and becomes less expensive to foreign buyers when the dollar appreciates.
Click here for the full article.
For more information on the gold price, see A Brief Overview of the Gold Price Today.
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Commodities | |||
---|---|---|---|
Gold | 2379.59 | +11.93 | |
Silver | 28.22 | +0.01 | |
Copper | 4.46 | -0.01 | |
Oil | 82.63 | -0.10 | |
Heating Oil | 2.54 | 0.00 | |
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