08:02
حنين الحياة
Gold prices rose during Wednesday's trading for the fourth straight session to circulate at its highest levels in a week, amid continuing market tensions over the trade crisis between the United States and China.
The Chinese president's speech yesterday has brought much optimism to the market about reaching a trade agreement among the world's largest economists, but many views believe that obstacles remain significant before a trade agreement is reached.
Asian equities have shrunk from their height today, which has helped increase the demand for gold as a safe haven and alternative investment in the markets as the dollar continues to decline against the digital coins.
Today, markets are waiting for the Federal Reserve Bank to try to know the bank's intention toward interest rates, especially after the recent job-back data.
Gold prices are currently traded at the level of $1340.88 for the ounce, after registering the lowest level at $1339.03 per ounce, and it opened today's meeting at the level of $1339.28 per ounce, registering the highest level at $1342.70 per ounce.
