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Gold down from its highest price in seven weeks due to the rise of the dollar
Date: 01/13/2017 10:35
Information / Baghdad ..
Gold fell on Friday after hitting a peak in seven weeks in the previous session due to the rise of the dollar and the start of a technical correction, but still tends to make gains for the third consecutive week.
By 0603 GMT, the spot price of gold down 0.2 percent to $ 1193.66 an ounce (an ounce). The metal touched the strongest level since Nov. 23 when the record of $ 1206.98 on Thursday.
The US gold futures fell 0.5 percent to $ 1193.80 an ounce.
Jiang said a senior analyst with the Shandong Gold Group Show, "now we see superlatives to buy gold, which need some technical correction."
He added that prices could fall towards $ 1170 an ounce and then rise to over US $ 1210, but may resume decline until the Fed meeting (US central bank) in March.
And silver fell 0.3 percent in the spot transactions to $ 16.65 after it reached the highest level in nearly a month at $ 16.92 the previous session.
Platinum fell 0.3 percent to $ 969.25. The metal hit its highest price in two months at $ 990.10 in the previous session. Finished / 25 p.
http://almaalomah.info/2017/01/13/economic/121435
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