Mon, 30 Nov 2020

Gold rises as U.S. dollar dips

Xinhua
21 Oct 2020, 04:59 GMT+10

CHICAGO, Oct. 20 (Xinhua) -- Gold futures on the COMEX division of the New York Mercantile Exchange rose on Tuesday as the U.S. dollar fell.

The most active gold contract for December delivery rose 3.7 U.S. dollars, or 0.19 percent, to close at 1,915.4 dollars per ounce.

Increases in COVID-19 cases in Europe and the United States, and concerns over upcoming U.S. presidential election drove investors to gold as well.

Gold's rise was capped somewhat as U.S. stock market indexes all rose.

Silver for December delivery rose 28.2 cents, or 1.14 percent, to close at 24.98 dollars per ounce. Platinum for January delivery rose 13.8 dollars, or 1.6 percent, to close at 877.3 dollars per ounce.

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