Currency pair in forex, is refer to a pair of currencies that put together, comparing in value, and make a foreign exchange rate. Currency pairs show as two abbreviation of currency names with a slash between. For example EUR/USD (Euro/U.S. Dollar).

Author Topic: Gold futures price plus $9.8  (Read 41 times)


  • Guest
on: August 23, 2021, 12:26:22 PM
Gold futures gain $9.8 as dollar weakens, fears of coronavirus boost safe-haven buying

Gold futures prices rose today. It was driven by orders as a safe-haven asset. Amid concerns about the spread of the COVID-19 virus Delta species. Also, the depreciation of the dollar is a positive factor for gold prices.

As of 7:07 p.m. GMT, the COMEX (Commodity Exchange) gold contract for December delivery rose $9.8 or 0.55% to $1,793.80 an ounce.

The dollar index, which measures the dollar's movements against six major currencies in a basket of currencies, was down 0.24% to 93.27, positive for gold. Because the gold contract, which is priced in dollars, There are attractive prices for investors holding other currencies.

Investors buy gold as a safe haven asset. Amid concerns about the spread of the COVID-19 virus Delta species with the latest Mrs. Jacinda Ardern, Prime Minister of New Zealand announced an extension of lockdown time across the country. After being diagnosed with COVID-19 35 more Delta strains in the country today, bringing total cases of COVID-19 in the country increased to 107

Ms Ardern told the press that "We have decided to extend the nationwide level 4 lockdown, the highest measure, until 11:59 p.m. on Friday, August 27, while Auckland, the epicenter of the outbreak, has been in the process of increasing the number of people in the country." will remain under lockdown measures until Aug. 31."

“Our best option at this time is to extend the lockdown. Because we don't know exactly how widespread the delta virus epidemic will be," Ms Arden said.


  • Guest
Reply #1 on: September 14, 2021, 12:53:24 PM
gold golfd


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