Gold breaks the $2,000 per ounce barrier

News
Tuesday, November 21, 2023 - 14:32
Point Trader Group

Gold prices broke the $2,000 per ounce barrier during these moments of today's trading, coinciding with the decline in the US dollar index, and hours before the Federal Reserve issued its last meeting minutes.

Gold futures are now up 1% to $2,001 an ounce.

On the other hand, spot gold contracts rose by 1.05% to $1,999 per ounce.

While the dollar index fell by 0.2% to 103.1 points.

Gold prices rose during these moments of trading on Tuesday, supported by the weakness of the US dollar and Treasury bond yields, as prices approached breaching the $2,000 per ounce level.

Investors are awaiting a prominent event today, Tuesday, which is the release of the minutes of the US Federal Reserve meeting, a day before the content of the latest Bank of England meeting is announced, and with the European Central Bank issuing the minutes of its meeting on Thursday.


Related Topics

REQUEST A CALL BACK

Get financial advice from Point trader group experts

YOU CAN TRUST POINT TRADER GROUP

For Free Expert Financial Advice