Gold prices rise from the lowest level in 6 months

0
94

Gold prices rose in trading today, Thursday, to recover from the lowest level in 6 months recorded in the Wednesday session, with the continued pressures of the rise in US bonds and the strength of the dollar.

-Advertisement-



At the time (07:24 GMT), the yellow metal rose in spot trading by $3.79, or 0.22%, to trade at $1,730.16 an ounce.

And gold futures prices for December delivery rose by 0.37 percent, or $6.4, to the level of $1729.30 an ounce.

Meanwhile, the dollar index fell against six other major currencies by 0.04 percent at 93.312.

Gold prices ended Wednesday trading near the lowest level in 6 months due to the strength of the US dollar and monitoring the prospects for monetary policy.

-Advertisement-



Gold prices were subjected to negative pressures on Wednesday, due to the rise in US 10-year Treasury yields to the highest level since June 2021, as well as the rise of the dollar to its highest level in 10 and a half months.