The US Dollar Fell By &Nbsp; Gold Rose 1.4% To $1747.70 On Thursday.

Beijing time on October 28th morning, Thursday, just reached the euro area.

The New York Mercantile Exchange's main gold contract in December rose $24.20, or 1.4%, at $1747.70 an ounce.

This is the highest closing price since September 21st, and gold prices have risen 8% over the past five trading days, including a 1.4% increase on Wednesday.

Gold prices had been falling in Asian and European trading hours on Thursday and narrowed gradually at the beginning of the New York trading session.

Subsequently, the US stock index opened higher and higher, and the US dollar exchange rate began to accelerate.

Matt Zeman, a trader at the Chicago based trader, Zeman Matt, pointed out in a report on Thursday that "today there is a clear trend of risk appetite, and the dollar exchange rate has been hit hard at the same time."

Near the end of the gold market, the US dollar index, which tracks six major currencies, dropped 74.93 points to 1.5%.

The attempt to resolve the euro zone debt crisis has helped the rapid rise of the high risk currencies such as the euro and the Australian dollar. The reverse US dollar exchange rate has reduced the holding cost of commodity futures priced in US dollars, increasing the attractiveness of many commodities, including gold, and contributing to its price.

Earlier Thursday, the summit of EU leaders from Wednesday finally reached an agreement on the euro zone sovereign debt crisis, including the private sector voluntarily accepting investment losses of 50% of Greek government bonds, expanding the euro zone aid fund by four times the leverage operation and recapitaling European banks by spending 150 billion euros.

The investor optimism of the scheme itself and the scheme has led to a wider variety of metal prices for industrial uses.

Other commodity futures prices, including crude oil, also generally soared; the US stocks, which are considered to be riskier asset classes, also followed the trend of the Asia Pacific and European stock markets earlier.

In December, the silver contract rose 1.80 dollars on Thursday, closing at $35.11 an ounce, or 5.4%. In December, copper rose 5.8% to $3.69 a pound, and has risen more than 15% this week.

Platinum contracts rose 44.20 US dollars in January, closing at $1641.40 an ounce, or 2.8%. In December, palladium rose 23.85 US dollars, or 669.90 US dollars per ounce, or 3.7%.