Gold prices rise by closing at $1,784.30 an ounce

Gold prices rise by closing at $1,784.30 an ounce
Gold prices rise by closing at $1,784.30 an ounce

Arabian Business Egypt- Gold prices ended Wednesday’s trading session on a high, with Treasury yields rising amid speculations of a near-term, after economic data and before the Thanksgiving holiday in the United States.

Gold futures for December delivery rose less than 0.1%, or 50 cents, to $1,784.30 an ounce.

Meanwhile, the dollar index, which monitors the performance of the US currency against a basket of six major currencies, rose by 0.4% at 96.904 points.

Data showed that the number of initial jobless claims in the United States fell to 199,000 in the week ending November 20, the lowest level since 1969.

And the US Census Bureau raised its estimates of gross domestic product growth to 2.1% in the third quarter of this year, compared to 2% in the preliminary reading.

The US will witness a public holiday tomorrow, Thursday, in celebration of Thanksgiving, and the markets will end trading early on Friday.

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