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[size=35][size=35]The rise in gold prices due to the weakness of the dollar[/size]
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2023-01-05 | 01:14
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Sumeria News – Economy
And gold in instant transactions rose 0.1 percent to $ 1856.11 an ounce, after reaching the highest level in almost seven months in the previous session.
US gold futures also rose 0.1 percent to $1,861.20.
The dollar index fell 0.1 percent, making gold priced in the US currency more attractive to foreign investors.
"Gold has had a good start this year, supported by dollar weakness and expectations the Federal Reserve will slow the pace of interest rate hikes, and recessionary risks should support ... bullion this year," said [url=https://www.alsumaria.tv/Entity/1276162383/%D8%A8%D8%B1%D8%A7%D9%8A%D9%86 %D9%84%D8%A7%D9%86/ar/]Brian Lan[/url], director at [You must be registered and logged in to see this link.]-based GoldSilver Central.
"If the jobs data shows that interest rate hikes have affected the economy, the dollar could weaken further and benefit gold," he added.
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Economie
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2023-01-05 | 01:14
[You must be registered and logged in to see this image.]
[/size]
968 views
Sumeria News – Economy
Gold prices rose today, Thursday, with the support of the weakness of the dollar, while market participants prepared for data on US jobs that may affect the policy path of the Federal Reserve (US Central Bank).
And gold in instant transactions rose 0.1 percent to $ 1856.11 an ounce, after reaching the highest level in almost seven months in the previous session.
US gold futures also rose 0.1 percent to $1,861.20.
The dollar index fell 0.1 percent, making gold priced in the US currency more attractive to foreign investors.
"Gold has had a good start this year, supported by dollar weakness and expectations the Federal Reserve will slow the pace of interest rate hikes, and recessionary risks should support ... bullion this year," said [url=https://www.alsumaria.tv/Entity/1276162383/%D8%A8%D8%B1%D8%A7%D9%8A%D9%86 %D9%84%D8%A7%D9%86/ar/]Brian Lan[/url], director at [You must be registered and logged in to see this link.]-based GoldSilver Central.
"If the jobs data shows that interest rate hikes have affected the economy, the dollar could weaken further and benefit gold," he added.
[You must be registered and logged in to see this link.]
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