Scattered Clouds
clouds

18 April 2024

Amman

Thursday

71.6 F

22°

Home / Business

Gold rallies on softer dollar, easing yields after US midterm results

05-11-2026 09:50 AM


Ammon News - Gold climbed to its highest level in over ‌two weeks on Thursday, on a weaker US dollar and Treasury yields as easing oil prices helped temper inflation concerns after major Democratic gains in the US midterm elections raised hopes of a US-Iran ​peace deal.

Spot gold rose 1.6% to $4,123.71 per ounce by 0609 GMT, after touching its highest ​since October 20 earlier in the session. Bullion climbed about 3.4% on Wednesday, ⁠its biggest daily gain since August 19.

Reuters




No comments

Notice
All comments are reviewed and posted only if approved.
Ammon News reserves the right to delete any comment at any time, and for any reason, and will not publish any comment containing offense or deviating from the subject at hand, or to include the names of any personalities or to stir up sectarian, sectarian or racial strife, hoping to adhere to a high level of the comments as they express The extent of the progress and culture of Ammon News' visitors, noting that the comments are expressed only by the owners.
name : *
email
show email
comment : *
Verification code : Refresh
write code :