Saudi gold prices rise on ounce increase

The article discussed the rise in gold prices in Saudi Arabia on Friday, with the international ounce surpassing $4,400 after the dollar and U.S. Treasury yields declined, which supported local gold prices. The increase is attributed to the dollar's decline and investors' expectations regarding U.S. employment data that could impact monetary policy, along with ongoing geopolitical tensions and rising oil prices as influencing factors. It was also noted that a significant support zone for the ounce is at $4,400, while $4,500 is considered a key resistance level, as markets await further economic developments and global economic trends.

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