Update prices
He went up gold In spot transactions, it rose 0.1 percent to $2,569.69 per ounce by 0308 GMT, after a decline that continued for five sessions. Gold has fallen by more than four percent since the beginning of the week until now.
Gold recorded its lowest level in two months in the previous session and fell more than $220 from its record peak recorded last month.
US gold futures also increased 0.1 percent to $2,574.50.
And he continues Dollar Its upward march this week since Donald Trump’s victory in Presidential elections US, making gold more expensive for holders Currencies The other.
Fouad Razaqzadeh, a market analyst at Forex.com, told Reuters that gold’s weakness reflects expectations of a tighter US monetary policy in 2025 under Trump’s leadership.
High interest rates increase the opportunity cost of holding non-yielding gold.
Yesterday, Thursday, data showed that producer prices in the United States rose in October, which supports expectations that inflation will stop declining.
Investors are awaiting data US retail sales Scheduled for release at 1330 GMT, with comments from a number of Federal Reserve officials later in the day.
As for other precious metals, it rose Silver In spot transactions, 0.2 percent to $30.52 per ounce. And he went up Platinum 0.1 percent to $940.68. Palladium also increased 0.5 percent to $946.00. The three metals are heading for a weekly decline.
