Gold prices fall as the dollar rises… and silver prices maintain record levels
Gold prices retreated today in global trading, affected by a record rise in the dollar index, while silver prices remained stable near their historic highs.
Gold in spot transactions recorded a decrease of 0.4%, reaching $4,324.47 per ounce, and U.S. gold futures also fell by the same percentage to record $4,355.70.
On the other hand, the dollar index rose slightly today after touching its highest level in the past week; the natural trading pattern dictates that a rise in the dollar’s purchasing power increases the cost of gold for holders of other currencies.
As for silver, it recorded $66.02 per ounce in spot transactions, after reaching a record level of $66.88 in the previous session.
United News Network – UNN Arabic
An independent media platform providing reliable news and objective analysis, seeking to promote peace and cultural dialogue around the world, to convey the truth and build bridges of understanding between peoples.
For more news, you can visit our main page:
