Gold up on weaker U.S. dollar

  • World
  • Tuesday, 15 Sep 2020

CHICAGO, Sept. 14 (Xinhua) -- Gold futures on the COMEX division of the New York Mercantile Exchange rose on Monday as the U.S. dollar weakened.

The most active gold contract for December delivery rose 15.8 U.S. dollars, or 0.81 percent, to close at 1,963.7 dollars per ounce.

Gold also found support as U.S. Treasury bonds' yields dropped, and on uncertainty of the upcoming U.S. presidential election in November.

Investors will be watching for the Federal Reserve's announcement after its meeting on Wednesday, along with a press conference from Fed Chair Jerome Powell.

Silver for December delivery rose 49.8 cents, or 1.85 percent, to close at 27.355 dollars per ounce. Platinum for October delivery rose 19.1 dollars, or 2.03 percent, to close at 958.7 dollars per ounce.

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