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[size=35][size=35]Gold prices rise with the decline of the dollar[/size]
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2022-11-04 | 03:26
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Alsumaria News - Economy
And gold rose in spot trading 1.1% to $ 1647.19 an ounce by 0618 GMT, and US gold futures rose 1.2 percent to $ 1649.90 an ounce.
The dollar index fell 0.4%, which increased the attractiveness of gold to holders of other currencies.
"Gold prices... are showing signs of stabilizing, however we are certainly not out of danger yet," said Clifford Bennett, chief economist at ACC Securities.
The Fed raised interest rates by 75 basis points on Wednesday, and Chairman Jerome Powell pledged to "continue" the fight to curb inflation.
As for other precious metals, silver rose in spot trading by 1.4 percent to 19.74 an ounce, platinum increased 0.8 percent to $ 926.10, and palladium rose 1.4 percent to $ 1825.87.
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Economie
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2022-11-04 | 03:26
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714 views
Alsumaria News - Economy
Gold prices rose by more than 1%, today, Friday, as the slight decline in the dollar helped alleviate some of the pressures resulting from the monetary tightening policy pursued by the Federal Reserve (the US central bank).
And gold rose in spot trading 1.1% to $ 1647.19 an ounce by 0618 GMT, and US gold futures rose 1.2 percent to $ 1649.90 an ounce.
The dollar index fell 0.4%, which increased the attractiveness of gold to holders of other currencies.
"Gold prices... are showing signs of stabilizing, however we are certainly not out of danger yet," said Clifford Bennett, chief economist at ACC Securities.
The Fed raised interest rates by 75 basis points on Wednesday, and Chairman Jerome Powell pledged to "continue" the fight to curb inflation.
As for other precious metals, silver rose in spot trading by 1.4 percent to 19.74 an ounce, platinum increased 0.8 percent to $ 926.10, and palladium rose 1.4 percent to $ 1825.87.
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