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2023-07-15 19:07:25
Source: Sky News
Gold prices rose during the past week, following rising near its highest level in one month, as market expectations of a US interest rate hike diminished, which led to the dollar falling to its lowest level in more than a year.
The dollar index touched its lowest level since April 2022, making gold less expensive for buyers from abroad.
Gold in spot transactions also witnessed an increase of 1.57 percent during a week, to reach the level of $ 1955.21 an ounce, despite the decline in the yellow metal in the last trading week, Friday, by 0.27 percent.
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