Gold Ends Higher In Light Trading As Dollar Weakens COMMODITIES: Gold Ends Higher In Light Trading As Dollar Weakens
02:10 PM EST, 12/19/2019 (MT Newswires) -- Gold prices rose to the highest in two weeks on Thursday as the dollar weakened.
Gold for February delivery rose US$5.70 to settle at US$1,484.40 per ounce in light Comex trade, the highest since Dec.3. Only 93,600 trades were completed, compared to nearly 200,000 a day earlier
The rise came as the U.S. dollar weakened, making gold more affordable for international investors, raising demand.
The ICE dollar index, which measures the dollar against a six-currency basket, was last seen down 0.05 points to 97.35.