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Price of gold increasing

Price of gold increasing
Price of gold increasing

The price of gold rose on Thursday morning amid a weakening of the US dollar against world currencies.

According to Report.ge, the price of February gold futures on the Comex Stock Exchange in New York increased by 0.31%, to $ 5.65, and amounted to $ 1,807.85 per ounce.

The dollar index (its exchange rate against the basket of currencies of six countries) fell 0.4% on Wednesday and 0.04% on Thursday to 96.04 points. The dollar depreciation leads to an increase in the value of gold, which becomes more affordable when purchased in other currencies.

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