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الوقائع الإخبارية
Gold to secure third weekly rise
Gold prices rose on Friday, marking their third consecutive weekly gain, supported by a declining dollar and the U.S. Treasury Department's moves to purchase bonds. The spot price of an ounce reached $4,537.41, up 0.4%, while U.S. gold futures increased to $4,593.90. This rise comes amid expectations of a continued decline in the dollar, which makes gold more attractive to investors, despite higher interest rates reducing its appeal as a non-yielding asset. Gold prices are also influenced by forecasts regarding Federal Reserve policies, with markets indicating the possibility of keeping interest rates steady or raising them modestly. Additionally, the ongoing weakening of the dollar boosts demand for the yellow metal. Furthermore, other precious metals like silver and platinum also experienced weekly gains.
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