on Wednesday for the third straight session, and in light of the growing demand for commodities in the financial markets and with the return of confidence to the markets a bit with issued by the US and Chinese economic data improved.
Gold prices are currently trading at $ 1352.2 per ounce, after recording the highest at $ 1357.1 per ounce, while the session today opened at $ 1341.7 per ounce and had recorded the lowest level at $ 1340.7 per ounce.
High levels of gold in today's trading comes in the face of rising demand for commodities in the market, reflecting the increased risk appetite, in addition to reassuring the markets with global central banks to take new stimulus measures in the markets.
As for the main reason that led gold to continue to rise despite the increased risk appetite is the decline in the dollar levels against the private major currencies during the Asian session today, where he disappeared positive impact of the improvement in the US labor market data which sent the dollar to decline.
Gold prices are currently trading at $ 1352.2 per ounce, after recording the highest at $ 1357.1 per ounce, while the session today opened at $ 1341.7 per ounce and had recorded the lowest level at $ 1340.7 per ounce.
High levels of gold in today's trading comes in the face of rising demand for commodities in the market, reflecting the increased risk appetite, in addition to reassuring the markets with global central banks to take new stimulus measures in the markets.
As for the main reason that led gold to continue to rise despite the increased risk appetite is the decline in the dollar levels against the private major currencies during the Asian session today, where he disappeared positive impact of the improvement in the US labor market data which sent the dollar to decline.