24 Hrs
Source:
الحقيقة الدولية
Gold Approaching Third Weekly Rise
Gold prices rose at the end of the week, marking their third consecutive weekly gain supported by a decline in the dollar and the U.S. Treasury's movements to purchase more bonds. The spot price of an ounce reached $4,537.41, an increase of 0.4%, while U.S. futures contracts recorded $4,593.90, up 0.5%. Experts believe that the decline in the dollar's value and the rise in bond yields have increased the appeal of the yellow metal, despite the fact that rising interest rates tend to weaken its attractiveness as an inflation hedge. Additionally, other precious metals, such as silver and platinum, experienced weekly gains. The extent of gold's gains depends on the Federal Reserve's decisions and its future monetary policy.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)