Dubai – Mubasher: Gold price rose on Tuesday to extend its positive performance, while the U.S. dollar started a corrective wave after it soared to its highest level in more than ten years.
At 1:03 GMT, gold price reached $1,068.60 per ounce, up 0.30% or $3.20.
Thus, gold continued its rally to the second successive day after the dollar fell from a ten-year peak yesterday, amid expectations the U.S. Fed would raise interest rate in its upcoming meeting.
The dollar index declined against a basket of currencies today, as it reached 100.04, down 0.22%.
Silver rose by 0.71% or $0.100 to reach $14.150 per ounce.
