Gold prices rise to new standard levels driven by the dollar’s decline

Gold futures prices rose to new standard levels at the beginning of this week’s trading on Monday, with the increasing attractiveness of the yellow metal as a safe haven in light of fears of threats and ambiguity surrounding the prospects for the growth of the global economy.
At the same time, weakening of the rise of gold helped, and the dollar value index recovered in American transactions after its decline in Asian transactions, but it remained weak.

Low business activity

The weakness of the dollar was due to last week’s data, which showed a decrease in business activity in the United States, and a deterioration in consumer confidence.

On Monday, the index scored 106.50 points, compared to 106.61 points in Friday’s trading last week.

Silver and copper declined

The price of gold increased by 10.30 dollars, or 0.5%, to 294.947 dollars, an ounce of the delivery of this month.
At the same time, the silver price fell by $ 401, or 1.2%, to $ 575.575 an ounce this month.
While the price of copper decreased by 0430.0430, or 0.94%, to $ 5170 per pound.