Gold prices have reached their highest level in nearly two weeks, driven by increased technical buying. Investors are also closely monitoring the upcoming Federal Reserve meeting scheduled for next week, seeking insights into potential interest rate changes.
Recent data shows that spot gold prices rose by 0.9%, reaching $4,113.73 per ounce. This marks the highest price since July 10. The increase reflects growing investor interest and market expectations regarding possible shifts in monetary policy.
U.S. gold futures for August delivery also experienced a rise, climbing by 1.1% to $4,119.10. This uptick in futures contracts indicates a prevailing optimism in the market regarding the precious metal, highlighting investors’ responses to global economic changes.
Other precious metals have also seen significant gains. Silver prices increased by 1.8%, reaching $59.82 per ounce. Platinum rose by 1.6% to $1,655.61, while palladium also climbed by 1.6%, reaching $1,302.25. These increases suggest a growing interest in precious metals as safe-haven assets amid economic pressures.
The post Gold Prices Surge to Two-Week High appeared first on Yemen TV.
To follow the news in Arabic
Egypt Condemns Security Threats Against Saudi Arabia The Arab Republic of Egypt has strongly condemned…
Yemen's Oil Ministry Initiates Steps to Resume Crude Oil Exports The Yemeni Minister of Oil…
President Alimi Congratulates President Sisi on July 23 Revolution Anniversary In a heartfelt message, Dr.…
Japan's Exports Surge by 19.3% in June Amid Yen Weakness The Japanese government announced today…
Trader Killed in Shooting Incident in Northern Yemen A trader was shot and killed on…
Kuwaiti Army Responds to Iranian Drone Attacks The General Staff of the Kuwaiti Army has…