Urgent | Gold in a week…a return to record highs and a wide wave of selling
Gold rose last week, achieving record prices again after a previous wave of decline, before declining at the end of the week.
And Gold prices (1%), on Thursday evening, reached $4,151.86 per ounce, retreating from its highest level in more than three weeks reached earlier, amid a widespread selling wave after the announcement of the reopening of the US government. href=" target="_blank">The price of gold in spot transactions was at $4,125.22 per ounce by 11:58 GMT, while US gold futures contracts (December delivery) rose by 0.4% to reach $4,130.90 per ounce.
In the middle of the week, gold prices reached their highest levels in about 3 weeks, today, Tuesday, supported by hopes of a reduction in interest rates by the Federal Reserve Bank (the US central bank) this month. Next.
Gold rose in spot transactions 0.6% to $4,140.60 an ounce by 1227 GMT, after earlier recording its highest levels since October 23 at $4,148.75.
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