News By Tags

Gold hits one-week high on weaker dollar, economic concerns

Gold prices rose to a one-week high on Friday as dollar weakened, while growing economic concerns put bullion on track for its best week since atleast late-March. A weaker greenback makes bullion attractive for overseas buyers, while gold is also considered a safe haven during times of political and economic uncertainty. Spot gold was up 0.2% at $1,846.09 per ounce by 1229 GMT, after climbing about 1.9% in the last session. U.S. gold futures rose 0.2% to $1,844.20. Recession fears ha...

Gold hits one-week high on weaker dollar, economic concerns

Source: Reuters
20/05/2022 8:35:50 PM

IGI Logo

News

Oil falls as outlook for China, global economy weigh

Gold hits one-week high on weaker dollar, economic concerns