Gold records its largest annual decline since 2015

Gold records its largest annual decline since 2015
Gold records its largest annual decline since 2015

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Gold futures prices recorded a rise at the close of trading on Friday, the last day of this year, to reach their highest level in 6 weeks, but prices recorded during the current year as a whole their largest annual decline since 2015.

In the exchange markets, the dollar value index fell against other major currencies to 95.57 points, down by 0.4 percent from its level the day before yesterday.

The yellow metal ended the trading day with an increase of $14.50, or 0.8 percent from its level yesterday, to reach $1828.60 an ounce for delivery next February.

During the week ending today, the price of gold recorded a cumulative increase of 0.9% compared to the previous week, and during the month it rose by 2.9%. On the other hand, the price of gold fell during the current year as a whole by 3.6 percent from last year, which is the largest annual decline since 2015.

At the same time, the price of silver rose today by 0.292 dollars to 23.352 dollars per ounce for delivery next March, and the price of copper rose by 0.0710 dollars to 4.4635 dollars per pound for delivery next March.

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