Consecutive declines and a second weekly loss… gold in a week

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Consecutive declines and a second weekly loss… gold in a week

Shahd Goldseveral declines last week, the last of which was yesterday, Friday, with a slight decline, heading towards recording a second weekly loss in a row, as the impact of the rise in Oiland the growing fears related to inflation negatively affected the yellow metal.

The price of gold in spot transactions fell 0.2 percent on Friday to $4,534.29 per ounce, and fell by about 0.1 percent over the past week.

Gold Prices

And the end of the week Gold prices declined slightly on Thursday, affected by the rise in US Treasury bond yields and the strength of the dollar, while hopes for a solution to the US-Iranian conflict limited the decline of the precious metal. To lower levels.

The price of gold in spot transactions decreased by 0.3% to $4528.03 per ounce, by 06:11 GMT, and US gold futures (June delivery) also decreased by 0.1% to $4528.90.

As for the middle of the week, gold prices stabilized on Monday after the support resulting from the weakness of the US dollar offset the impact of pressures resulting from the rise Treasury bond yields and inflation fears due to rising oil prices.

Gold in spot transactions saw little change and remained at $4,536.19 per ounce.