Home News Emirates News Agency – Gold rises globally when dollar appreciation stops

Emirates News Agency – Gold rises globally when dollar appreciation stops

by Dubai Forum
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ABU DHABI, 6 July / WAM / Global gold prices recorded weak gains during today’s trading, taking advantage of the halt in the dollar’s rise after rising to its highest level in 20 years.

At 12:33 pm UAE time, yellow metal prices in spot trades rose 0.17% to $ 1767.7 per ounce, while gold futures for August delivery rose 0.25% to $ 1760.85 per ounce.

Gold prices fell below the $ 1800 level, with investors’ appetite for the yellow metal affected by the significant rise in the price of the US dollar, in addition to major central bank moves around the world to raise interest rates to control high inflation rates.

For other precious metals, silver rose 0.66% to $ 19.24 per ounce, palladium rose 0.14% to $ 1924.03, while platinum fell 0.18% to $ 849.15.

WAM / Rami Samih / Mustafa Badr El Din

DF

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