00:02
حنين الحياة
Gold prices on the European market stabilized Friday within a limited range of dealings, near the lowest level in five weeks, on the verge of a second weekly loss, respectively, by the large rise of the US dollar against a basket of world currencies.
Gold prices are traded by:@@ GMT around the $1317.15 level of the level of the opening $1316.64, the highest level of $1319.08, and the lowest level of $1315.38.
Gold finished yesterday's dealings by 0.5%, on the second consecutive daily loss, registering the lowest level in five weeks $1315.29 for the ounce, with most of the prices of metals denominated in US dollars falling.
Over the course of the current week, gold prices have so far lost 1.5%, with the second consecutive weekly loss, by the ascent of the US dollar for most global currencies, as well as the weak investment demand for the metal as a safe haven.
The dollar index rose on Friday by more than 0.3 percent, continuing its ascent for the second consecutive day, registering the highest level in four months at 91.69 points, reflecting the continued wide ascent of the American currency against a basket of major and secondary currencies.
The strong ascent of the US currency comes at the current period, with the concentration of investors shifting to the underlying factors that support the dollar, especially with the recession concerns about geopolitical risks and global trade tensions, the most important of these factors now is the high yields of long-term bonds in The United States for the highest level in four years.
Gold holdings at SPDR Gold Trust, the largest global indicator fund supported by gold, remained yesterday with no significant change at a total of 871.2 metric tonnes, the highest level since 30 November November 2016.
