Gold hits near two-week high on softer dollar - Finance & Business News, Stock Market updates & Reviews | Themarkettrendz

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Sunday, 3 October 2021

Gold hits near two-week high on softer dollar

Gold prices hit a near two-week peak on Monday, as a weaker dollar offset bets that the U.S. Federal Reserve could begin tapering its pandemic-era asset purchases soon. Spot gold rose 0.2% to $1,764.60 per ounce by 0112 GMT, after hitting $1,765.54, its highest since Sept. 23. U.S. gold futures gained 0.4% to $1,764.90.

from Commodities-Markets-Economic Times
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