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Gold price exceeds $1,820
Finance
- 05 December, 2022
- 05:46
The price of gold rose on Monday morning, fixing above $1,820 per troy ounce, Report informs.
The weakening of the dollar amid expectations for the Chinese economy supports the value of the precious metal.
The February gold futures price on the New York Comex rose $12.25, or 0.68%, to $1,821.85 a troy ounce. March silver futures rose 1.08% to $23.5 per ounce.
The dollar index (the exchange rate against a basket of currencies of six US trading partners) fell by 0.37% to 104.16 points. The dollar's depreciation makes gold more affordable to buy in another currency.
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