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Gold prices continue to rise for the second day in a row

2018-02-13 11:18 am | Resource: NEWS | No Views : 178

Gold futures continue to rise for the second day in a row, affected by the decline of the dollar index and the decline in risk appetite globally, where gold prices rose during Tuesday's trading during European trading, recording gains of 0.40% to reach levels of $ 1,331 per ounce , Reaching its highest level in 5 days, after opening the day at $ 1322.33, recorded the highest level of 1329.90, and the lowest level at 1321.58.

Gold ended yesterday's trading up by 0.5%, recovering from a five-week low of $ 1307.02 an ounce, supported by the decline of the greenback against a basket of currencies. The dollar index, which measures the change of the US currency against a basket of major currencies, To 89.93 as investors awaited the release of US inflation data to be released tomorrow to try to find signs of a Fed rate hike this year.

Over the past week, gold prices lost 1.1%, the second weekly loss in a row, as the US currency improved against a basket of currencies, in conjunction with weak investment demand on the metal as a safe haven, and the decline of the US dollar as US bond yields fell Ten years for the second day in a row.

Turning to silver, it saw gains in mid-European trade on Tuesday, gaining 0.21% to $ 16.60.

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