Gold in a week… volatile performance that ends with a decline
Saw Gold prices fluctuated between high and low during the past week, while Friday ended with a decline, heading towards recording a weekly decline with the escalation of tension in the Middle East.
And the price of Goldin spot transactions increased by 0.4%, reaching $4,103.23 per ounce.
Gold Prices
On Thursday, gold prices rose more than one percent, with investors buying to seize opportunities after the precious metal fell to its lowest level in a week.
Gold in spot transactions rose 1.3% to $4,130.58 per ounce, after falling on Wednesday to $4,130.58 per ounce. Its lowest levels since the first of July.
Prior to that, gold prices rose, on Wednesday, by more than (1%), with investors buying after the precious metal fell to its lowest level in a week.
Gold rose in spot transactions by (1%), bringing the price of an ounce to (4116.70) dollars, and American gold futures contracts, for August delivery, rose by (1.1%), to reach (4126.60) dollars. per ounce.
While gold prices witnessed a decline on Tuesday, as investors awaited the release of the minutes of the US Central Bank’s June meeting.
The price of gold in spot transactions fell 0.4%, reaching $4,148.59 per ounce by 00:43 GMT.
On Monday, gold prices declined, with a slight rise in the US dollar from its recent lowest levels, but expectations of a price hike declined. US interest rates limited the precious metal’s losses.
The price of gold in spot transactions fell by 0.6 to $4,151.33 per ounce, by 07:21 GMT, after recording its highest level since June 22 earlier in the session. US gold futures (August delivery) rose 1.1% to $4,172 an ounce.
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