Gold price enters the weekend higher

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Gold contracts closed higher last night (August 27). It jumped higher, supported by news of the Fed meeting and a weaker dollar.

Gold futures rose $24.3 to close at $1,819.5 per ounce, up 1.35%.

Silver futures rose 51.2 cents to close at $24.062 an ounce, or 2.17%.

Platinum futures rose $31 to close at $1,006.5 per ounce, up 3.18%.

Palladium futures rose $15.70 to close at $2,408.10 per ounce, up 0.7%.

Gold contracts received a boost after the Fed announced at its annual meeting on Friday that it would postpone the start of taper to a later date. In addition, it was already announced that the tapering does not have to mean a change in interest rate policy.
Moreover, the gold price was supported by the weaker dollar, which made gold contracts cheaper and increased the attraction for investors holding other currencies.

The dollar moving index against the six major currencies in the basket fell 0.39% to 92.6893.

However, gold contracts continue to gain importance as a safe haven asset.

The Spot Market is Closed

Sunday.29 Aug-2021

Metals

Updated at
USD

Bid/Ask
Ounce

Change


Low/High
Gold
04.00
1,816.80
1,817.80
+24.20
1.35%
1,785.00
1,819.00
Silver
04.00
23.98
24.08
+0.44
1.85%
23.31
24.18
Platinum
04.00
1,006.00
1,016.00
+33.00
3.39%
973.00
1,017.00
Palladium
04.00
2,348.00
2,498.00
+22.00
0.95%
2,326.00
2,519.00
Rhodium
04.00
16,400.00
18,400.00
+100.00
0.61%
16,300.00
18,400.00
Energy

Updated at


Price


Change


%Change
Crude Oil
06.00

68.67

+1.25

1.85%

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