Gold is heading for weekly gains with continued

Gold is heading on Friday, to achieve weekly gains for the third time in four weeks, as the lack of tangible progress in peace talks between Russia and Ukraine led to a rise in the price of the precious metal, which is considered a safe haven, despite the rise in US bond yields on the back of fears of tightening measures. Monetary policy that affected the attractiveness of bullion.

And gold settled in spot transactions at 1958.41 dollars an ounce, hovering near the highest level in more than a week, which it reached in the previous session, rising about 2% so far this week, while US gold futures fell 0.2% to 1958.70 dollars.

Spot silver prices rose 0.4% to $25.60 an ounce, while platinum rose 0.6% to $1026.67, and palladium settled at $2525.01.

 

By Editor

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