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وكالة بغداد اليوم الاخبارية
Gold nears biggest weekly rise of year
Gold prices rose to achieve their biggest weekly gains since the beginning of the year, supported by falling oil prices and declining inflation expectations in the markets. Spot gold prices increased by 0.6%, reaching $4,262.39 per ounce, while US futures contracts rose to $4,321.50 per ounce, with weekly gains exceeding 5%. Investors are awaiting the release of the US July employment report to determine the trajectory of interest rates, amid expectations that tensions in the Middle East will ease and impact inflation and the gold markets. Other precious metals also experienced gains, with silver and platinum prices increasing, while palladium declined slightly; all three metals are heading toward achieving weekly gains.
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