2023-07-14 22:03:11
Gold prices rose, yesterday, to achieve the largest weekly gain since April, following rising near its highest level in one month; This comes as market expectations of a US interest rate hike declined.
During trading, gold in spot transactions witnessed a slight change to reach $1959.81 an ounce, up 1.9% during the week. There was little change in US gold futures, reaching $1964.00. The dollar index touched its lowest level since April 2022; This makes gold less expensive for overseas buyers.
As for other precious metals, silver fell in spot transactions by 0.2%, to $ 24.8091 an ounce, but it is heading for the largest weekly gain since March. Platinum also fell 0.4% to 969.08 dollars, as well as palladium by 1.1% to 1280.62 dollars, but it is heading towards achieving gains for the second week in a row.
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