US Dollar Lesu, World Gold Prices Increasingly Kinclong
JAKARTA - World gold prices experienced an increase on Friday, February 23. This is because the United States (US) dollar has weakened.
Citing Antara, the price of gold futures in the COMEX New York Mercantile Exchange division where the most active gold contracts for April delivery rose 18.70 dollars, or 0.92 percent, to close at 2,049.40 dollars an ounce.
The decline in US Treasury yields also supported the increase in gold prices.
The hakwish stance of a number of Federal Reserve (The Fed) officials this week has completely removed the possibility of lowering interest rates in May.
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The US Gross Domestic Product (GDP) report will be released on Wednesday (28/2).
Regarding silver precious metals, March delivery rose 19.80 cents, or 0.87 percent, to close at 22.982 dollars per ounce. The price of platinum for April delivery rose 4.10 dollars, or 0.45 percent, closed to 909.60 dollars per ounce.