Since February 10, 2021 you will be registered gold prices Continuous declines at the global level, as the price of an ounce of gold on this date recorded $ 1840, then the precious metal began a downward journey in global stock exchanges, losing nearly $ 56 until Saturday, February 20, to reach $ 1784 an ounce.
Falling gold
The decline reached in The price of an ounce of gold At the global level, 1.7% during the past ten days, in a scenario that was opposite to what was expected, in light of the continuing negative impact on the global economy due to the repercussions of the Corona virus.
At the level of this week’s trading, gold was recorded at the end of global stock market transactions on Friday evening, with a rise in the price of an ounce of gold to 1783.35 dollars, a noticeable increase from yesterday’s opening price, which was recorded at approximately $ 1774.95.
Despite the height he recorded gold Yesterday, however, the yellow metal did not compensate for its losses this week, as gold opened its trading this week at the price of $ 1824, then took a way to retreat to $ 1784.
“The US economy is expected to recover slowly,” said David Major, director of metals trading at High Ridge Futures. “Optimism about the pandemic and reaching” herd immunity “is evident in a slight rise in the dollar and the yields of ten-year bonds, which have reached their highest levels since February 2020 This affected gold prices.
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