2 Days
Source:
الراي
Gold reaches weekly high amid falling oil
Gold prices rose to a one-week high, reaching $4,352.39 per ounce, supported by falling oil prices that eased inflation fears, despite the impact of a strong dollar which limited the increase. Oil declined for the third consecutive day amid reduced concerns about supply disruptions in Saudi Arabia, leading to a stock market decline. Investors expect that high interest rates in the United States and Japan will increase borrowing costs, potentially reducing demand for gold. Additionally, other precious metals recorded weekly gains: silver increased by 1.8% to $66.37, platinum rose by 1.7% to $1,798.30, and palladium advanced 1% to $1,303.46.
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