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[size=35][size=35]Gold prices rose due to the decline of the dollar[/size]
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2022-11-18 | 01:50
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Alsumaria News – Economy
By 0433 GMT, spot gold rose 0.16 percent to $1,763.65 an ounce, heading for a weekly loss of about 0.4 percent.
US gold futures rose 0.2 percent to $1,765.60 an ounce.
Fitch Solutions said in a note that gold continues to receive support from growing recession fears, the ongoing Ukrainian war and the rise of the US dollar.
Although gold is considered a hedge against inflation, higher interest rates and the yield on Treasury securities increase the opportunity cost of holding the non-interest-bearing precious metal.
As for other precious metals, spot silver rose 0.8 percent to $21.12 an ounce.
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[ltr]00:14 | 2022-05-4[/ltr][/rtl]
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[ltr]01:10 | 2021-12-11[/ltr][/rtl]
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[ltr]08:01 | 2022-05-31[/ltr][/rtl]
Platinum rose 0.5 percent to $984.48 an ounce.
And palladium increased 0.7 percent to $ 2020.19 an ounce.
However, all precious metals are heading towards ending the week lower.
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Economie
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2022-11-18 | 01:50
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601 views
Alsumaria News – Economy
Gold prices rose today, Friday, due to the decline of the US dollar, but they are still heading towards incurring the first weekly loss in three weeks, affected by indications from officials of the Federal Reserve (US Central Bank) that more interest rate hikes are on the way.
By 0433 GMT, spot gold rose 0.16 percent to $1,763.65 an ounce, heading for a weekly loss of about 0.4 percent.
US gold futures rose 0.2 percent to $1,765.60 an ounce.
Fitch Solutions said in a note that gold continues to receive support from growing recession fears, the ongoing Ukrainian war and the rise of the US dollar.
Although gold is considered a hedge against inflation, higher interest rates and the yield on Treasury securities increase the opportunity cost of holding the non-interest-bearing precious metal.
As for other precious metals, spot silver rose 0.8 percent to $21.12 an ounce.
[rtl]Related articles[/rtl]
[rtl][You must be registered and logged in to see this link.]
[ltr]00:14 | 2022-05-4[/ltr][/rtl]
[rtl][You must be registered and logged in to see this link.]
[ltr]01:10 | 2021-12-11[/ltr][/rtl]
[rtl][You must be registered and logged in to see this link.]
[ltr]08:01 | 2022-05-31[/ltr][/rtl]
Platinum rose 0.5 percent to $984.48 an ounce.
And palladium increased 0.7 percent to $ 2020.19 an ounce.
However, all precious metals are heading towards ending the week lower.
[You must be registered and logged in to see this link.]
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