Gold heading to record highest rise since April

Gold prices achieved Friday the largest weekly gains since April, after rising near its highest level in one month, as market expectations of raising US interest rates declined. According to CNBC, gold in instant transactions witnessed a slight change…

Gold prices achieved Friday the largest weekly gains since April, after rising near its highest level in one month, as market expectations of raising US interest rates declined. According to CNBC, gold in instant transactions witnessed a slight change, reaching $ 1959.81 an ounce, up 1.9 per cent during the week. There was little change in US gold futures, reaching $1,964.00. As for other precious metals, silver fell in spot transactions by 0.2 per cent to $ 24.8091 an ounce, but it is heading for the largest weekly gain since March.

Source: Jordan News Agency

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