Tag
GOLD
American Dollar Index gained 0.27% to trade at 93.025.
The price of Spot gold as at 05.59 GMT was up by 0.20% to trade at $2,023.41.
Gold futures gained 0.46% to trade at $1983 at about 6.41 am GMT.
Gold price has gained about 30% so far in 2020.
Commodities play a vital role in Nigeria’s economy, accounting for more than 90% of its export.
Gold futures prices rising to points not touched since September 2011
Gold futures dropped slightly lower to trade at $1,808.65, losing about 0.07%.
The European Central Bank sees monetary stimulus in Europe to be necessary in the short term.
Gold futures were up by 0.15% ending the week above the $1,800 mark
Spot gold was up 0.8%, to trade at $1,811 by 6.20 am Nigerian time.
This is against the backdrop of rising cases of the coronavirus disease.
Gold was up in Asia on Tuesday morning, as investors increasingly turned to the safe-haven asset given the continuous increase of the number of...