A slight increase in gold prices

Gold futures prices recorded a slight increase at the end of trading yesterday, with the dollar declining as investors evaluate and react to the statements of Christopher Wooler, the main member of the US Federal Reserve (central bank).

Fears of the possible collapse of the French government also contributed to increasing demand for the yellow metal as a safe investment haven.

Christopher Wooler said in a speech at George Washington University in the United States that the Council may lower the US interest rate during this month’s meeting, but the matter depends largely on the economic data scheduled to be published in the coming days.

In the exchange market, the dollar value index against major currencies declined by more than 0.3% to 107.09 points.

Yesterday evening, the price of gold rose by $9.80, or 0.37%, to $2,644.70 per ounce for delivery this month, while the price of silver rose by $0.628, or 2.1%, to $31.077 per ounce. Copper rose by $0.0710 to $4.1465 per pound for delivery this month.

In terms of economic news, a report issued by the US Department of Labor showed that the number of vacant jobs in the United States increased last October more than expected.

The Ministry stated that the number of vacant jobs rose to 7.744 million jobs, compared to 7.372 million jobs in September, according to the revised data.

Analysts expected the number of vacant jobs to rise in October to 7.480 million jobs, compared to 7.443 million jobs during the previous month, according to preliminary data.