Gold rises – Dollar strengthens

bitcoins and u s dollar bills

Investors seek safe haven as fear hovers in the air.

Gold futures were slightly higher by 0.16% at $1,786.90 an ounce at 3:20 a.m. GMT standard time Friday morning.

Expectations of a strong dollar are sending gold prices higher again. The U.S. dollar index was unchanged at $93.55, while investors kept an eye on the Jackson Hole meeting on August 26-28, which will indicate the Fed’s next direction.

The rising number of delta virus cases worldwide and fears of renewed lockdowns are clouding the markets at the moment. This is having a positive effect on the price of gold at the moment.

The U.S. dollar has also received a boost, benefiting at the moment from the upward momentum of the U.S. economy.

Other precious metals.

Silver fell 0.08% to $23.22.

Platinum futures rose 0.45% to $773.90.

The Spot Market is Closes

Sat. 21 Aug- 2021

Metals

Updated
USD

Bid/Ask
Ounce

Change


Low/High
Gold
04.00
1,780.50
1,781.50
+0.10
0.01%
1,778.10
1,789.90
Silver
04.00
23.03
23.13
-0.20
-0.88%
22.83
23.41
Platinum
04.00
990.00
1,000.00
+21.00
2.17%
965.00
1,004.00
Palladium
04.00
2,204.00
2,35400
-40.00
-1.78%
2,200.00
2,422.00
Rhodium
04.00
15,100.00
17,100.00
-1,900.00
-11.18%
15,100.00
18,800.00
Energy

Updated


Price


Change


%Change
Crude Oil
07.00

61.86

-1.64

-2.58%

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