Gold Rebounds on Dollar Weakness - News Summed Up

Gold Rebounds on Dollar Weakness


Gold prices rebounded from Friday’s decline to start the week, boosted by a weaker dollar. Front-month gold for January delivery rose 0.3% to $1,286.80 a troy ounce on the Comex division of the New York Mercantile Exchange. Prices are near their highest level since mid-June, supported by a softer dollar that has recently made gold cheaper for overseas buyers. Stock-market volatility has also boosted the haven metal, which some investors favor during times of market turbulence.


Source: Wall Street Journal January 07, 2019 14:42 UTC



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