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The price of gold is heading for the largest decline since late November

2022-01-07T12:56:03.660Z

London, SANA- Gold prices rose slightly today, supported by the decline in the dollar, while this metal is heading towards more



London-Sana

Gold prices rose slightly today, supported by a decline in the dollar, while this metal is heading towards the largest weekly loss in more than a month due to the increase in the yield on US Treasury bonds, as traders await the rise in US interest rates before the expected date.

And Reuters news agency reported that gold rose in spot transactions 0.2 percent to $1,792.13 an ounce and is heading towards recording a weekly decline of about two percent, the largest decline since the week ending on November 26.

US gold futures rose 0.2 percent to $1,792.50 an ounce.

As for other precious metals, silver settled at $22.16 an ounce, and platinum rose 0.5% to $969.01 and palladium 1.7 percent to $1,905.84 an ounce.

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Source: sena

All business articles on 2022-01-07

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