Decline and rise… Gold fluctuates within a week and expectations for record performance
Swing Goldduring the past week, it rose and fell around the price of $5,000 per ounce, while forecasts indicate "Reuters" The yellow metal is expected to achieve another record performance in 2026.
And on Monday, Gold prices, hovering around the level of $5,000 per ounce, supported by the weakness of the US dollar, and awaiting a series of US economic reports scheduled to be issued this week for signals on the path of interest rates.
The price of gold in spot transactions rose by 1% to $5,016 per ounce by 12:46 GMT, while gold futures contracts in the United States (April delivery) also rose by 1% to $5,029. per ounce.
Gold prices
And Tuesday, gold prices fell, with improved risk appetite in global stock markets, while investors await a series of US economic data later this week, which may affect interest rate expectations.
The price of gold in spot transactions fell by 0.4% to $5,042.63 per ounce by 12:13 GMT, and gold futures fell in the United States. (April delivery) by 0.3% to $5,065.60 per ounce.
And on Wednesday, gold prices rose before paring the gains they achieved earlier in the session, and gold in spot transactions increased 0.7% to $5,058.23 per ounce.
And on Thursday, gold prices fell slightly, after US jobs for January recorded a stronger performance than expected, which reduced hopes of lowering interest rates from Before the Federal Reserve (US central bank) in the near term.
The price of gold in spot transactions fell by 0.3% to $5,062.83 per ounce by 11:59 GMT, and US gold futures (April delivery) also fell by 0.3% to $5,084.30 per ounce.
And on Friday, gold rebounded, recovering from its lowest level in almost a week. Amid investors awaiting US inflation data to obtain indications about the direction of interest rates.
Gold rose in spot transactions by 0.6% to $4,949.99 per ounce, but it lost by 0.2% since the beginning of this week.
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