Gold prices are approaching the best week since May

Gold prices are approaching the best week since May
Gold prices are approaching the best week since May

Gold is heading on Friday, towards the best week in nearly 5 months, supported by the decline of the US dollar, which boosted the attractiveness of the yellow metal despite an imminent reduction of stimulus measures from the US Federal Reserve.
Gold fell 0.2% to $1,792.54 an ounce, but rose 2% for the week. US gold futures fell 0.3% to $1,793.10 an ounce.

The dollar index headed for the first weekly decline in 6 weeks, which strengthened the attractiveness of gold to buyers of other currencies.

Silver fell 0.4% to $23.45 an ounce, but it is about to record the largest weekly increase in 7 weeks.

Platinum rose 0.1% to $ 1056.02, and palladium 0.4 percent to $ 2137.68, and platinum and palladium are heading towards recording gains for the second week.

Source

Gold prices approaching week

 
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