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Gold rises and the US dollar falls 14-09-2020

News Date: 14/9/2020 06:22:57
 

We open the trading week with a rise in gold prices today, after it witnessed a decline in the last days of last week, as it is a safe haven for investors, especially when crises that negatively affect economic activities intensify, and among the gold contracts that have known the rise since the beginning of the Corona epidemic until Now we find : Spot gold rose to a peak above $ 2,072 on August 07.

As for the rise in contracts for today, gold futures contracts rose by 0.45%, to trade at $ 1,956.75 an ounce.

As a result, the US dollar fell, also the American and European stocks : the shares of American technology companies continued to decline, and the indices fell again.

As for the Japanese stocks, they closed higher today, after the Nikkei index rose by 0.74% to close at 23479.48 points, and the broader Topix index rose by 0.93% to reach 1651.91 points.

Also, oil prices rose on Monday : US crude futures rose 0.4% to $ 37.47 a barrel, while Brent crude increased 0.2% to $ 39.89 a barrel.

 

And to conclude with the developments of the epidemic : it is expected that Coronavirus cases will reach 29 million cases today, which negates the possibility of any economic recovery nearing !

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