Gold turned higher after its decline earlier in the session, as investors rushed to take advantage of the decline in prices, while demand for the precious metal continued as a safe haven, due to economic risks, including fears of the US government defaulting on debt payments.
And gold rose in spot trading 0.1 percent to 2018.29 dollars, after falling 0.7 percent earlier in the session. US gold futures rose 0.2 percent to $2,023.40.
“Gold witnessed some stability in the morning, with some buying after the decline,” said senior market analyst at (RGO Futures) Bob Haberkorn.
And silver in spot trading fell 0.1 percent to $ 24.14, recording the worst week in seven months, with a loss of 6 percent.
2023-05-12 17:27:40
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