It fluctuated around $5,000…gold in a week
varied Gold prices during last week’s trading, in light of the rise in the dollar and markets awaiting important US inflation data that may determine the direction of future monetary policy.
And Gold, Friday, with the dollar rising to its highest level in about a month, at a time when investors are awaiting the release of an important report on inflation in the United States to obtain clearer indicators regarding the path of monetary policy.
Gold fell in spot transactions by 0.1% to $4,995.91 per ounce (ounce) by 01:49 GMT.
Gold prices
This decline came after a mixed performance as it stabilized. Prices, Thursday, followed a jump of more than 2% in the previous session, driven by the escalation of geopolitical tensions between the United States and Iran, which strengthened the demand for safe havens, in light of investors continuing to evaluate the monetary policy directions of the Federal Reserve.
In previous trading, the price of gold in spot transactions rose by 0.5% to $5,004.47 per ounce by 06:34 GMT, while US gold futures rose. (April delivery) by 0.3% to $5,025.10.
During the middle of the week, gold fell by more than 2% with the decline in demand for safe assets, as it fell on Tuesday by 1.9% in spot transactions. On Monday, it also fell by 1.1% to $4,986.32 per ounce by 05:50 GMT, while futures contracts (April delivery) fell by 0.8% to $5,005.60.
Gold had started the week on a strong rise, recording gains of approximately 2.5% following the release of US inflation data that was weaker than expected, which strengthened markets’ bets on the possibility of the Federal Reserve moving to… Reducing interest rates in the coming period.
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