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Gold futures hit their highest settlement in two weeks on the back of a weaker US dollar, MarketWatch reported.
Gold futures hit their highest settlement in two weeks on the back of a weaker US dollar, MarketWatch reported.
As quoted in the publication:
February gold rose $15.60, or 1.5%, to settle at $1,080.60 an ounce. That marks gold’s highest settlement since Dec. 4, when gold prices closed at $1,084.10 an ounce.
Gold is attempting to snap a streak of consecutive weekly declines in a holiday-shortened week that closes early Thursday and is capped by Christmas, when most global markets will be closed.
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For more information on the gold price, see A Brief Overview of the Gold Price Today.
