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Gold closes 2017 at the highest level in months
09:31 - 31/12/2017
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Information / Baghdad ..
Gold prices rose to a three-month high at the end of this year, beating more than $ 157 in 2017, marking the biggest annual increase in seven years as the dollar fell, political tensions rose and concern over the impact of US interest rate increases over Pressure from global equity gains.
Spot gold prices rose 0.65 percent to $ 1303.11 an ounce late in the US session, ending the year with gains of 13 percent, taking advantage of the dollar's slide and the appetite for safe haven assets due to global political uncertainty.
According to Reuters, the gains of the yellow metal coincided with the fall of the US currency in its worst year since 2003, affected by tensions over North Korea, the Russian scandal surrounding the election campaign of US President Donald Trump and continued weakness of inflation in the United States.
The dollar index, which measures the value of the greenback against a basket of six competing currencies, is down more than 9 percent this year, its biggest annual loss since 2003, lifting the precious metal to its highest level since late September at $ 1307 an ounce Ounce) before retreating slightly.
The annual gains in gold prices for the second year in a row, after earnings of 8 per cent in 2016, and the most active US gold contracts on the stock market COMEX $ 12.10, or 0.93 percent, to settle at 1309.30 dollars an ounce , Recording 13 per cent gains in 2017
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