Gold futures prices started the new week’s trading with a noticeable increase on Monday, with the dollar falling against other major currencies, as investors await monetary policy decisions by the US Federal Reserve (Central Bank) and the Central Bank of England.
The dollar value index fell by more than 0.4% to 101.40 points.
The price of gold rose by $9.30, or about 0.5%, to $1999.80 an ounce for next June delivery. The price of silver rose by $0.253 to $25.311 an ounce for next May delivery, while the price of copper declined by $0.0260 to $3.9540 per pound for next May delivery.
Investors are also awaiting the release of US GDP data for the first quarter of this year, along with the Federal Reserve’s preferred inflation measure, to monitor any indications of the state of the largest economy in the world.
US consumer confidence, new home sales, durable goods demand, personal income and spending data are also scheduled for release this week.
2023-04-24 21:09:20
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