Gold settles above $2,000 amid valuation of economic, monetary prospects

20/04/2023 Argaam

Gold prices stabilized above $2,000 on April 20 amid valuation of monetary policy tightening in the US.

 

Gold futures for June delivery increased 0.10%, or $1.90, to $2,009.20 an ounce at 12:05 am Makkah time. Meanwhile, spot prices for July delivery fell 0.30% to $25.52 an ounce.

 

The dollar index, which measures the performance of the US currency against a basket of six major currencies, kept flat at 101.91 points.

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