Gold prices regain as crude oil plunges

Economy

Published: 2018-11-17 10:44

Last Updated: 2018-11-17 10:51


Gold prices regain as crude oil plunges
Gold prices regain as crude oil plunges
Roya News Source

Gold prices rose as much as 1% against the falling dollar, on Friday, November 16, 2018, after Federal Reserve officials made cautious comments on interest rate expectations, while palladium hit a record high, driven by fears of supply shortages.


Gold jumped to $ 1225.29 an ounce, in its highest level since November 8, before cutting to 0.7% at $ 1221.71 an ounce late in the session.

In its best performance in five weeks, US gold climbed to $ 8, or 0.7%, to settle at $ 1223 an ounce.