Gold rising to the highest level of $ 1,200 an ounce

Gold continues to rise during trading on Friday, succeeded in transcending the level of $ 1,200 an ounce, supported by the rise of the holdings of exchange-traded products backed by the precious metal to the highest rate in 6 weeks.

Rose gold holdings, which supports traded in capital markets products by about 3.9 metric tons, the highest rate since February last, according to data told Bloomberg.

And moving the yellow metal to record weekly decline in spite of this climb, because of the losses it suffered during the past sessions after the US central bank meeting minutes which revealed differing views of its members on the date of a rate hike.

And prompt delivery rose gold price by 0.8% to $ 1204.2 an ounce at 14:36 ​​GMT.

Futures price of the yellow metal has risen by about 0.8% up to $ 1203 per ounce

Add a Comment