Gold and Silver Updates


Gold closes lower as investors turn to stock markets

Gold costs fell on Thursday regardless of the greenback’s fall towards most main currencies, as buyers rushed to inventory markets.


Information confirmed at the moment that the preliminary unemployment claims within the US rose to 965,000 final week, worse than forecasts of 785,000.


US President-elect Joe Biden will reveal later at the moment his plan to launch additional Covid aid through the first yr of his time period, with some estimates placing it at $2 trillion. 


The greenback index fell towards a basket of main currencies by 0.1% to 90.2 factors as of 19:02 GMT, after hitting a excessive of 90.5 factors and a low of 90.0.8 factors.


Gold February futures fell 0.2% or $3.50, and closed at $1,851.4 an oz, with at the moment’s excessive at $1,857.6, and the low at $1,826.6.


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