Home / Gold / Gold rallies as dollar sinks

Gold rallies as dollar sinks

Gold for August delivery (CNS:GCQ3) climbed $39.40, or 3.2%, to $1,286.60 an ounce in electronic trade. The signal that the Fed will likely maintain an accommodative policy stance boosted gold prices, as quantitative easing by the Fed and other central banks worldwide has been seen as supporting a rally in gold in recent years.

Check Also

CME Group Ether futures

CME Group Announces Launch of Micro-Sized Bitcoin and Ether Options

CME Group, the world's leading derivatives marketplace, today launched options on Micro Bitcoin and Micro Ether futures, further expanding its suite of cryptocurrency derivatives offerings.