Gold steady amid expectations for ending monetary tightening cycle

24/11/2023 Argaam

Gold steady amid expectations for ending monetary tightening cycle

Gold held steady on Friday, but was set for its second consecutive weekly gain, backed by a continued decline in the US dollar amid higher investor confidence in the Federal Reserve’ s plan to end the monetary tightening cycle.

 

Gold futures for December delivery reached $1,994.1 per ounce at 12:05 pm KSA Time, after a rise of 0.47% this week.

 

Spot gold was firm at $1,993.45 per ounce. Silver futures for December were unchanged at $23.7. Spot platinum edged up 0.34% to $921.59 per ounce.

 

The US dollar index ticked lower 0.26% to 103.65 points.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Most Read