Gold rises 1%, settles at highest level ever

06/08/2020 Argaam

 

Gold prices extended a record rally on Thursday to the fifth consecutive day, amid a marginal decline in dollar against most of major currencies.
 

The US jobs data are expected to be released tomorrow, with 1.550 million new jobs and a decline in unemployment rate to 10.5%.

 

The dollar was down 0.1% against a basket of other currencies at 92.8.
 

December gold futures added 1% to $2,069.40 an ounce.

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