Gold prices rise in the global market
Gold prices rose in the global market, as part of attempts to recover from the lowest level it reached in five weeks, to catch a breath after incurring the largest daily loss in 6 weeks.According to the American newspaper, “The Wall Street Journal” last night, the precious metal prices are still on their way to incur a second consecutive weekly loss, after strong economic data in the United States reinforced the prospects of imminent tightening of US monetary policy.
Gold prices rose more than 0.7 percent to $1,766.86, from the opening level of trading at $1,754.02, and recorded the lowest level at $1,752.52.
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Source: Almotamar Net
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