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Gold prices achieved the highest settlement price since mid-August
Gold prices achieved the highest settlement price since mid-August when trading on Monday the fourteenth of November was settled.
Upon settlement, the gold price increased by 0.4%, or about $7.50, to $1,776.90 an ounce, which is the highest settlement price for the most active contract since mid-August.
Gold's gains came despite the rise in the dollar index, which measures the performance of the US currency against a basket of six currencies, and the yield on US Treasury bonds.
Adrian Ash, director of research at BullionVault, told MarketWatch that the movement in gold prices in America indicates that US traders are increasingly expressing their doubts about the US economy by betting on gold.
Attention also turned to the G-20 summit held in Bali, which witnessed the first in attendance meeting between the US President and his Chinese counterpart in 3 years.
