Wednesday, July 6, 2022 – 3:03 PM
ABU DHABI, 6th July / WAM / Global gold prices recorded slight gains during today’s trading, taking advantage of the halt in the dollar’s rise after rising towards its highest level in 20 years.
By 12:33 pm UAE time, the prices of the yellow metal rose in spot transactions by 0.17% to $ 1767.7 per ounce, while gold futures contracts for August delivery increased by 0.25% to $ 1760.85 per ounce.
Gold prices tumbled below the $1800 level, with investors’ appetite for the yellow metal affected after the significant rise in the price of the US dollar, in addition to the move by major central banks around the world to raise interest rates to control high inflation rates.
In terms of other precious metals, silver rose 0.66% to $19.24 an ounce, palladium rose 0.14% to $1924.03, while platinum fell 0.18% to $849.15.
WAM/ Rami Samih/ Mustafa Badr El Din