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حنين الحياة
Gold prices have been on the decline during Friday's trades with the end of the week's trades, although the dollar levels have weakened during Asian session the return on U.S. government bonds has fallen from its highest level to 3%.
With the dollar rising to its highest level three months ago above level 91 according to the dollar index, precious metals became under pressure. In particular, gold is traded at its lowest level in one month at a range of $1310 per ounce.
Dollar denominated assets such as gold are highly sensitive to movements in the dollar as the rise in the federal currency makes gold more expensive for foreign currency carriers and thus lower demand for precious metals.
However, this did not apply to the morning trades on Friday, as gold prices fell with the dollar.
Meanwhile, the historic summit between North Korea and South Korea on Friday morning allowed a decline in the geopolitical tensions in East Asia, thus reducing the demand for gold as a safe haven.
Gold prices are currently traded at the level of $1316.72 for the ounce, after registering the lowest level at $1315.58 per ounce, and it opened today's meeting at the level of $1316.63 per ounce, registering the highest level at $1319.29 per ounce.
