Gold prices reach two-week high on weaker dollar

Economy | Markets | Commodities | Forex - Interest Rates 3/20/2017, 11:58 AM
Gold prices reach two-week high on weaker dollar

Gold traded on two-week highs on Monday after the interest rate decision from the United States Federal Reserve last week, which led to a weaker dollar.

The yellow metal increased 0.32% to go for $1,233.30 per ounce at 11:53 am CET. Its daily high was $1,235.54 per ounce.

Meanwhile, the euro gained 0.19% against the dollar to change hands at 1.07603 at 11:55 am CET. Sterling increased 0.17% against the US currency to go for 1.2415 at 11:55 am CET.

TeleTrader Newsroom / VP

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Share:

EUR/USD+0.24%

1.1794
Chart for: EUR/USD Spot

EUR/GBP+0.13%

0.8933
Chart for: EUR/GBP Spot

Gold US Dolla...-0.34%

1,280.90
Chart for: Gold US Dollars per Ounce Spot Prices