Skip to main content

MoneyWorks4Me

Gold futures settle higher as dollar slides

10 Sep 2020 Evaluate
Gold futures settled higher on Wednesday, due to risk aversion in midst of concerns surrounding development of a coronavirus vaccine lifted safe haven bullion buying. Moreover, softer dollar also buoyed the yellow metal buying, as it got cheaper for other currency holders.

Gold futures for December delivery settled up 0.6% at 1,954.90 an ounce on the Comex division of the New York Mercantile. Spot gold rose rose 0.7% to $1,945.20 per ounce.