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Gold price hike

2021-06-22T01:59:47.085Z

London, SANA- Gold prices rose today, but they are heading towards recording the worst weekly performance since March 2020, after it caused a decline in the price of gold



London-Sana

Gold prices rose today, but they are heading towards recording their worst weekly performance since March 2020 after the Federal Reserve's shift towards a monetary tightening tone caused the dollar's rise and negatively affected the attractiveness of the yellow metal.

And Reuters reported that gold rose in spot transactions 0.5% to $ 1781.96 an ounce, but it was down five percent in the week, and US gold futures gained 0.5% to $ 1782.70.

As for other precious metals, palladium gained 1.9 percent to $2543.61 an ounce, silver rose 0.7 percent to $26.99 an ounce, while platinum rose 0.6 percent to $1064.77.

Source: sena

All business articles on 2021-06-22

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