2024-01-20 13:42:08
Gold prices recorded a weekly decline, coinciding with the rise of the dollar and bond yields, following officials at the US Central Bank dispelled expectations of an early cut in interest rates.
Gold prices recorded a weekly decline of regarding 1 percent, reaching $2,029.49 per ounce, despite their rise in the last sessions of the week, Friday, by 0.30 percent.
On the other hand, the dollar index fell by 0.1 percent, but rose regarding 1 percent since the beginning of the week. The rise in the dollar makes gold denominated in the US currency more expensive for holders of other currencies.
As for other precious metals, silver fell in a week by 2.47 percent, reaching $22.6216 per ounce.
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