Gold prices stability

Gold prices stabilized, today, heading to record weekly gains for the third time in a row, as investors are still adhering to their expectations for their continued rise, while closely monitoring the developments of trade negotiations between the United States and China.

Gold settled in instant transactions at $ 3348 an ounce by 02:50 GMT.

US gold futures rose 0.3 percent to $ 3359.

“There is an exaggerated demand for the purchase of gold, which may require a truce for some time, but the decline is limited to now, as investors still consider gold a strong hedge means in light of the continued blurry.”

On Thursday, US President Donald Trump confirmed that the trade talks between the United States and China are ongoing, denying China’s allegations that there are no discussions to reduce the severity of the ongoing trade war.

Meanwhile, a spokesman for the Chinese Ministry of Commerce said that if the United States wants to “really” settle the trade conflict, it must raise all unilateral customs duties against China.

The price of the non -returned metal, which is often a hedge of global instability, has increased by more than 700 dollars since the beginning of the year, and touched unprecedented levels several times.
He reached $ 3500.05 on Tuesday.

For other precious metals, the price of silver in instant transactions decreased 0.5 percent to $ 33.42 an ounce, platinum fell 0.1 percent to 969.65 dollars, and palladium decreased 1.2 percent to 943.24 dollars.