Fri, 17 Feb 2017 09:05:39
settled gold on Friday with the approach of the dollar from the lowest level in a week to err on the precious metal to achieve a third weekly gain amid uncertainty surrounding the state of the political landscape in the United States and Europe.
And settled Spot gold at $ 1238.29 an ounce [ounce] By 0710 GMT, while the metal decline in US futures contracts 0.2 percent to $ 1238.50 an ounce.
Gold rose 0.3 percent since the beginning of the week and climbed 7.5 percent since the beginning of 2017.
The yellow metal rose to $ 1244.67 an ounce on the eighth of February , with the support of the fears associated with the American President Donald Trump policies and elections in the Netherlands, France and Germany this year.
However, gold fell to $ 1216.41 an ounce on Wednesday, its lowest level since the third of February, due to the possibility of higher dollar and revenues of US Treasuries after the chairwoman of the Federal Reserve [Fed] Janet Yellen that may need to be raising interest rates in March.
The total dollar index , which tracks the US currency 's performance against a basket of major currencies 100.540 on Friday , after hitting its lowest level in a week at 100.410 Thursday.
Among other precious metals silver was revealed in the spot transactions 0.3 percent to $ 18.03 an ounce. The metal reached its highest level since November November 11 at $ 18.13 an ounce in the previous session.
Platinum fell 0.1 percent to $ 1010.80 an ounce.
Palladium was down 0.6 percent to $ 787.45 an ounce after touching its highest level since January 24 at $ 794.90 an ounce in the previous session. The metal rose more than 16 percent since the beginning of the year.