Baku 19° C
Gold price rises on weakening dollar
Finance
- 30 January, 2023
- 06:25
Add Report.az to preferred Google sources
Stay up to date with the top news!
The price of gold rose by 1% on Monday morning, Report informs.
The weakening of the US dollar against world currencies, especially against the yen, supports the quotes of the precious metal.
February gold futures on the New York Comex rose $19.35, or 1%, to $1,948.78 a troy ounce. March silver futures rose 0.63% to $23.77 an ounce.
At the same time, the dollar lost 0.3% against the yen and 0.1% against the euro. A cheaper dollar makes gold more affordable to buy in another currency.
Author
Latest News
15:18
Azerbaijan plans AZN 736 million investment in Alat Free Economic Zone infrastructure
Industry
15:07
Photo
Azykh Cave: The Cradle of Azerbaijan premieres in Istanbul
Cultural policy
15:01
Russia and Kazakhstan sign military cooperation plan for 2027
Region
14:49
Finance minister: 11–13% of state budget spent on Garabagh reconstruction
Finance
14:45
Sangachal terminal exports 138 million barrels of oil and condensate
Energy
14:37
Sahil Babayev: SOCAR could fund gas network expansion in Azerbaijan
Energy
14:34
Sahil Babayev: Azerbaijan's Oil Fund realizes gains following gold price surge
Finance
14:29
Azerbaijan has unique potential for health tourism, official says
Tourism
14:17
European Commission urges Georgia to conduct large-scale justice reform
Region