Fourth weekly rise of an ounce of gold
settled gold pricesToday, Friday, it headed towards recording the fourth consecutive weekly increase in light of the general weakness of the US dollar faced by pressures from the increase in the yield on Treasury bonds, as well as the expectations of raising US interest rates.
And by 03:19, gold prices in spot transactions consolidated at 1789.81 dollars an ounce, and increased during the week by about 1%. US gold futures fell 0.2% to $1,804.2.
And the dollar is about to incur its third consecutive weekly loss, which makes gold less expensive for holders of other currencies.
For other precious metals:
- Silver fell in spot transactions 0.2% to $ 20.34 an ounce
- Platinum fell 0.1% to $955.16 an ounce
- And palladium fell 0.6% to $2,262.53 an ounce.
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