The gold price rose on Monday morning to the highest level in two months. This was driven by the declining dollar, which gave a boost to the yellow metal.
- Gold futures were up 0.23% to $1,820.95 per ounce.
The dollar, which usually moves inversely to gold, declines in value.
The U.S. dollar index rose 0.1% to 94.308 against the six other currencies in the basket.
- The dollar weakened against the yen, up 0.2% to 113.65 yen.
- The dollar strengthened against the euro to 1.1558 euros.
- The pound was $1.3478 from $1.3425.
- The Australian dollar is 0.74 Australian dollars.
- The New Zealand Dollar is 0.7126 New Zealand Dollar.
- The yuan remained stable at 6.3958 per dollar.
Strong U.S. employment data, with nonfarm payrolls rising by 531,000. In addition, the unemployment rate fell to 4.6% in October.
China’s trade data was released on Sunday and showed that exports rose 27.1% year-on-year in October. Imports rose 20.6% year-on-year. The trade balance is $84.54 billion.
The Spot Market is Open
Monday, November 8, 2021
| Metals Updated at | USD Bid/Ask | Ounce Change | Low/High |
| Gold 13.30 | 1,817.10 1,818.10 | -0.90 -0.05% | 1,812.60 1,821.80 |
| Silver 13.30 | 24.22 24.32 | +0.07 0.29% | 24.03 24.40 |
| Platinum 13.30 | 1,041.00 2,134.00 | +9.00 0.87% | 1,031.00 1,054.00 |
| Palladium 13.30 | 1,984.00 2,134.00 | +17.00 0.86% | 1,967.00 2,141.00 |
| Rhodium 06.00 | 13,500.00 15,500.00 | 0.00 0.00% | 13,500.00 15,500.00 |