Gold rising to $ 1172 after losses for 3 days

Gold rising to $ 1172 after losses for 3 days

Gold rising to $ 1172 after losses for 3 days

The price of gold rose slightly on Monday after three days of losses with the falling dollar and equity markets although prices hovered near their lowest levels in 11 weeks after the jobs data in the United States on Friday, boosted speculation about a possible lifting of US interest rates in September.

And increased the price of gold in the spot market 0.2 percent to $ 1174 for ounce time 1903 GMT.

Futures rose for gold in the United States at the settlement of $ 5.50 to $ 1173.60 an ounce.

But yesterday gold on Friday, its lowest level since March 19 at $ 1162.35 an ounce after data showed job growth accelerated in the United States more than expected last month.

And reinforced expectations that the Federal Reserve starts (Fed) rate hike in the United States in September, which is more than the cost of the acquisition of gold, which does not generate interest.

Platinum rose 0.6 percent to $ 1097.70 an ounce, while silver fell 0.4 percent to $ 15.99 an ounce and palladium dropped 0.8 percent to $ 742.70 an ounce

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