Once again packing its punch, gold prices didn’t cease to dazzle on Thursday. The December delivery of the US gold remained satisfied on New York’s Comex; it grew paltry 0.5 per cent on Thursday.
In the latest session, it spiked to $1,964.30 per ounce gaining $9.40. Since slipping into reds on September 7, the December gold has seen a rise of $ 27.
The rise on Thursday was riding on the back of dollar’s volatility that dropped against the Euro after the statement by Christine Lagarde, President European Central Bank. However, the ECB avoided discussing the expansion of pandemic purchase program costing 1.35 trillion-euro.