Gold Is Heading To End Longest Losing Streak in 7 Years

  • International
  • 5 October 2023
1

Gold rose on Thursday, Oct. 5, heading to end an eight-session losing streak, the longest since 2016, as U.S. Treasury yields and the dollar fell from their last highs.

Spot gold rose 0.3 percent to $1,826.49 an ounce, trying to recover from its weakest level since March. U.S. gold futures rose 0.3 percent to $1,840.90.

Although there is an attempt to stabilize gold prices during today's session, there is not much conviction in the change in price direction so far.

Source (CNBC Arabia Website, Edited)

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