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Gold records a strong weekly rise amid fears of the Ukraine war

Gold records a strong weekly rise amid fears of the Ukraine war

Price movements

Over the past week, prices have increased gold By about 5.7 percent, recording the best weekly performance since March 2023.

It caused an increase in the intensity of the conflict between Russia andUkraine Gold prices rose this week by more than $170 from their lowest level in two months at $2,536.71 last Thursday.

Gold exceeded $2,700 per ounce for the first time in more than two weeks.

During Friday trading, gold rose in spot trading by 1.5 percent, reaching $2,709.24 per ounce, the highest level since November 6.

US gold futures settled by 1.4 percent at $2,712.20.



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