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Gold hits record, gets more precious as dollar loses value

Updated : July 28, 2020 09:34 AM IST

The precious metal had stormed almost USD 40 higher at one point to reach USD 1,980 an ounce, only for a wave of selling to slap it back to USD 1,947 in wild trade
the dollar has been falling almost across the board in recent days, reaching a two-year trough on a basket of currencies at 93.416 before steadying at 93.793.
Silver shot as far as USD 26.16 at one point, the highest since April 2013, and a gain of a third in seven sessions.
Gold hits record, gets more precious as dollar loses value

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