Gold prices rise amid commercial tensions and purchase

Gold prices witnessed an increase today, Thursday, supported by investors’ demand for purchase after a sharp decrease in prices during the previous session, while the focus continues on commercial tensions between the United States and China. The price of gold in instant transactions increased by 1.6% to reach 3338.79 dollars an ounce, while US gold futures rose by 1.7% to 3349.80 dollars. The gold recorded a decrease of about 3% yesterday, Wednesday, in its worst daily performance since last November. On the level of other precious metals, silver decreased by 0.3% to 33.44 dollars an ounce, and platinum settled at 972.15 dollars, while palladium decreased by 0.2% to 942.28 dollars.