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Gold is heading for its fourth weekly increase

2022-08-12T06:45:10.234Z


London, SANA- Gold prices stabilized today and headed towards recording the fourth consecutive weekly increase, in light of the general weakness of the dollar.


London-Sana

Gold prices stabilized today and headed for the fourth consecutive weekly increase in light of the general weakness of the US dollar, as well as expectations of a US interest rate hike.

And Reuters reported that spot gold prices consolidated at $1,789.81 an ounce and increased during the week by about one percent, while US gold futures fell by percent to $1,804.20 an ounce.

As for other precious metals, silver fell in spot transactions 0.2 percent to $ 20.34 an ounce.

Platinum fell 0.1 percent to $ 955.16 an ounce, and palladium fell 0.6 percent to $2,262.53 an ounce.

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Source: sena

All business articles on 2022-08-12

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