Gold Rises As US Dollar Continues Decline

Posted By: Religare
Subscribe to GoodReturns

Gold futures closed higher in the international market on Monday as the dollar extended its earlier decline despite a slightly higher-than-expected climb in core U.S. inflation.

Gold Rises As US Dollar Continues Decline

Because most commodities are priced in dollars, weakness in the currency can provide support for assets like gold, boosting their appeal among buyers using stronger currencies. Weakness in the U.S. stock market can also lure investors back to the precious metal.

Read more about: gold
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

Find IFSC

Get Latest News alerts from Goodreturns

We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more