Tuesday, September 17, 2024

Gold rises when fears return on Evergrande

Date:

Gold, which had fallen 1% in the previous session, made up for some of its losses on Friday, with concerns about the weakness of the dollar and the fate of Chinese company Evergrande strengthening the yellow position. Metal as a safe haven.

Gold also rose 0.7 percent to 0924 GMT an ounce, and US gold futures rose 0.3 percent to $ 1755.10.

The dollar index was at a one-week low during the previous session, which made gold cheaper for holders of other currencies.

This is in stark contrast to what happened on Thursday, when gold fell to its lowest level in more than a month, and the increased challenge to raise US interest rates largely obscured the fall of the dollar, which is unusual.

Among other precious metals, silver rose 0.8 percent to $ 22.66 an ounce, up 1.2 percent so far this week.

Palladium was up one percent at $ 2003.27, but is on track to lose its third consecutive week.

Platinum traded down 0.6 percent at $ 983.29 an ounce, ending a two-week slump.

Print
Email




See also  Emirates Airlines orders 15 A350s for Dh22 billion
Nadia Barnett
Nadia Barnett
"Award-winning beer geek. Extreme coffeeaholic. Introvert. Avid travel specialist. Hipster-friendly communicator."

Share post:

Popular

More like this
Related

Nail Artistry Unleashed: The Definitive Guide to Acrylic Nails

Acrylic nails have revolutionized the world of nail art,...

Celebrity Beauty Secrets: CoolSculpting’s Popularity Among Dubai’s Elite

In a city known for luxury and high beauty...

Climate Change Threats to Turtle Nesting Habitats

Turtles, as ancient and resilient creatures, have been nesting...

Italian Design and Luxury Doors for Villas and Hotels

When you think of Italy, glamorous villas and hotels...