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Gold is making its biggest gains after the dollar suffered heavy losses
10:04 - 22/07/2017
Gold headed for its biggest weekly gain in two months as the euro's rise pushed the dollar to its lowest level since June 2016, making the yellow metal cheaper for holders of other currencies.
By 1821 GMT, spot gold was up 0.87 percent at $ 1255.06 an ounce after hitting its highest since June 26 at $ 1255 and headed for the biggest weekly gain since May.
US gold futures for August delivery rose $ 9.4, or 0.75 percent, to $ 1254.90 an ounce and ended the week up 2.2 percent.
Among other precious metals, silver rose 1.18 percent to $ 16.482 an ounce after touching earlier $ 16.509, the highest since July 3. Silver rose 3.3 percent this week, heading for the biggest weekly gain since January.
Platinum rose 0.87 percent to $ 934.35 an ounce and the metal headed towards the end of the week up 2.1 percent, while palladium rose 0.20 percent to $ 844.22 an ounce but heading towards a weekly loss of 1.6 percent. Ending / 25
http://www.almaalomah.com/2017/07/22/177256/
10:04 - 22/07/2017
Gold headed for its biggest weekly gain in two months as the euro's rise pushed the dollar to its lowest level since June 2016, making the yellow metal cheaper for holders of other currencies.
By 1821 GMT, spot gold was up 0.87 percent at $ 1255.06 an ounce after hitting its highest since June 26 at $ 1255 and headed for the biggest weekly gain since May.
US gold futures for August delivery rose $ 9.4, or 0.75 percent, to $ 1254.90 an ounce and ended the week up 2.2 percent.
Among other precious metals, silver rose 1.18 percent to $ 16.482 an ounce after touching earlier $ 16.509, the highest since July 3. Silver rose 3.3 percent this week, heading for the biggest weekly gain since January.
Platinum rose 0.87 percent to $ 934.35 an ounce and the metal headed towards the end of the week up 2.1 percent, while palladium rose 0.20 percent to $ 844.22 an ounce but heading towards a weekly loss of 1.6 percent. Ending / 25
http://www.almaalomah.com/2017/07/22/177256/
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