22 Hrs
Source:
تونزي تيليغراف
Tunisia Telegraph: Gold increases after US news
Gold prices jumped to their highest levels in seven weeks after a surprising decline in U.S. job data for July, which showed a decrease of 23,000 jobs instead of the expected increase of 80,000. This outcome lowered expectations of an interest rate hike by the Federal Reserve and boosted demand for the precious metal. The spot price of gold rose by 2.3% to $4,336.02 per ounce, marking its best weekly performance in about seven months, with gains of over 7% since the start of the week. Other precious metals also saw gains, with silver rising 3% to $63.29, platinum up 1.1% to $1,747.60, and palladium increasing 0.8% to $1,381.61.
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