forecasts
Gold Futures Closed Fractionally Higher on Dollar Weakness and Selling PressureGold futures basis the most active April 2021 Comex contract is currently fixed at $1729.20 after factoring in today’s marginal gains of $0.80 (+0.05%).
11 hours ago (Apr 05, 2021 11:49 PM GMT)
Dollar weakness was responsible for all of today’s gains as market participants bid the precious yellow metal lower by actively selling today.
After the three-day holiday weekend, U.S. equities had respectable gains with the Dow Jones Industrial Average gaining just over 393 points, which is a net gain of 1.13% and closed at its highest recorded price level of 33,527.19. The S&P 500 also closed at a new record high after factoring in today’s 58-point gain (+1.44%)., Currently, the index is at 4077.91. Although the NASDAQ composite did not close at a new all-time high it had the largest percentage gains of the three major indices. After factoring in today’s 225-point gain (+1.67), the heavy tech