Gold prices rise slightly

Gold prices rise slightly Gold prices on October 3 morning rose slightly, exceeding $1,670 per troy ounce
Finance
October 3, 2022 10:55
Gold prices rise slightly

Gold prices morning rose slightly on October 3, exceeding $1,670 per troy ounce, Report informs referring to the auction data.

December New York Comex gold futures rose $0.95, or 0.06%, to $1,672.95 a troy ounce. December futures for silver rose 2.01% to $19.422 an ounce.

Last week, gold rose by almost 1.8%, from $1,656 to $1,685 amid depreciation of the dollar. At the same time, gold has been getting cheaper every month since April, during which time the metal has lost 14% of its value.

The dollar index (the rate against a basket of currencies of six countries - US trading partners) fell 1% a week earlier, to 112.1 points from 113.2 points. The low dollar rate supports the demand for gold, which in this case becomes more accessible to investors who own other currencies.

Latest news

Orphus sistemi