Gold rises again to $1,800 after dollar weakness

The price of gold closed last night (September 9) with a gain of $ 6.5 and reached again the mark of $ 1,800, having previously fallen below the mark. This rise in the price of gold was supported by the weakening of the dollar.

Gold futures rose 0.36% or $6.5 to close at $1,800/ounce.

Silver futures rose 0.5%, or 12.1 cents, to $24.177/ounce.

Platinum contracts fell 0.16% or $1.6 to close at $974.52/ounce.

Palladium fell 4.2% or 94.50 to close at $2,142.80/ounce.

The dollar movement index against the 6 major currencies in the basket was 0.18% lower at 92.4828.

Weakening dollar drives gold price. When the dollar weakens, gold becomes more attractive to investors holding other major currencies.

In addition, the number of people filing for unemployment benefits fell to 310,000 last week. This was the lowest level in 18 months since the coronavirus outbreak in the United States, down from 335,000 the previous week.

The data strengthened the recovery in the U.S., which reduced the purchase of gold as a safe haven.

The Spot Market is open

Friday, September 10, 2021

Metals
Updated at
USD
Bid/Ask
Ounce
Change

Low/High
Gold
11.17
1,797.10
1,798.10
+2.90
0.16%
1,792.20
1,800.40
Silver
11.14
24.13
24.23
+0.13
0.52%
23.92
24.26
Platinum
11.17
971.00
981.00
+1.00
0.10%
960.00
985.00
Palladium
11.16
2,150.00
2,300.00
+42.00
1.99%
2,108.00
2,301.00
Rhodium
05.00
14,450.00
16,450.00
0.00
0.00%
14,450.00
16,450.00
Energy
Updated at

Price

Change

%Change
Crude oil
11.16

68.46

+0.32

0.47%

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