Gold prices stabilized today, Friday, and headed for the fourth consecutive weekly increase, in light of the general weakness of the US dollar, which was pressured by the increase in the yield on Treasury bonds, as well as expectations of a US interest rate hike.
By 0319, gold prices consolidated in spot transactions at $ 1789.81 an ounce, and increased during the week by about one percent.
US gold futures fell 0.2 percent to $1,804.20 an ounce.
(Archyde.com)
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