Marsad al-Dhahab: 1.7% Increase in Global Gold Prices Within a Week

Posted 3 hours ago by

Sada Elbalad

Gold prices declined in local markets during Saturday's trading, coinciding with the global stock exchange’s weekly holiday, after the ounce achieved weekly gains of 1.7, supported by a decline in the dollar and a drop in oil prices, alongside geopolitical developments represented by Iran's announcement of opening the Strait of Hormuz, which contributed to calming inflation-related fears, according to the Marsad al-Dhahab report for economic studies.