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Gold climbs to $4,285 per ounce
Gold prices saw a noticeable rise at the start of Thursday's trading, with the ounce reaching around $4,285, an increase of $35 compared to the previous close, following gains of approximately $170 yesterday. The increase is supported by the decline in the U.S. dollar index and the drop in U.S. Treasury bond yields, alongside investors awaiting geopolitical developments and economic data that could influence Federal Reserve policies. Locally, gold prices remained largely unchanged after gaining more than 80 pounds per gram, with the price of 21-karat gold staying between 5,940 and 5,960 pounds. It is worth noting that craftsmanship fees range between 3% and 7%, depending on the type of jewelry.
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