Weak dollar boosts gold prices

Weak dollar boosts gold prices

The yellow metal shot up in the early trades on Tuesday followed by a weak dollar prospect and surging numbers of coronavirus pandemic, which is affecting the economies as trades are impacted. 

 

According to data by John Hopkins University, as of October 27, there are more than 43.7 million cases of corona worldwide. 

 

Meanwhile, Gold futures rose to $1,910.30, a gain of 0.24 per cent by 4:58 AM GMT and maintained its mark above $1900. 

 

Notably, the European Union and the United Kingdom are working odd hours for sealing the Brexit deal smoothly. EU chief negotiator will move London to initiate the halted negotiations. On the other hand, restrictive measures are getting re-applied in some countries of Europe for countering the spread. 

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