Gold fluctuated above $5,000 in a week

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Saw Gold rose by more than 2%, Monday, as the scope of the US-Israeli strikes on Iran expanded with no indications that they were nearing an end, which reinforced fears of escalating geopolitical and economic uncertainty and ignited a wave of resort to safe havens. The session.

Gold prices

A day later, gold prices fell by more than 4% during trading, with some investors preferring to resort to the dollar instead of the yellow metal as a safe haven from the repercussions of the US-Israeli air war on Iran, in addition to reducing bets on lowering interest rates due to fears of inflation.

Gold fell in spot transactions on Tuesday, by 3.3% to $5,150.89 per ounce by 11:56 GMT, After earlier touching its lowest level since February 20.

Gold rose in spot transactions by 1.8% to $5,175.39 an ounce on Wednesday, while US gold futures contracts for April delivery increased by 1.2% to $5,186.90.

And on Thursday, gold in spot transactions rose by 0.6% to $5,168.43 an ounce by the hour. 08:55 GMT, while gold futures in the United States for April delivery rose by 0.9% to $5,179.20 per ounce. 0116 ‌GMT.