WEAK DOLLAR BOOSTS GOLD, COMEX FUTURES HOLD NEAR $1830 PER OUNCE

Published on Dec 22, 2022 11:26

Gold prices rallied on Thursday, holding above $1800 levels amid a persistently weaker dollar overseas. The dollar decline came as yen firmed towards its recent four-month peak against the dollar on Thursday, after the Bank of Japan`s surprise tweak to its bond yield control. The dollar index that measures the greenback against a basket of currencies was quoting at 103.60, down 0.24% on the day. Meanwhile, COMEX gold is currently up 0.15% at $1828.10 an ounce.