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Gold records the second weekly gain

Gold Prices
Gold Prices
Gold prices rose during trading on Friday, May 17, at settlement, supported by Chinese stimulus measures, recording weekly gains for the second time in a row, thanks to renewed hopes for lowering US interest rates. Silver also breached the $30 per ounce barrier at its highest level in 11 years.
Spot gold prices rose to $2,414 per ounce, and US gold futures contracts increased during Friday trading at settlement by 1.3% to $2,417.

The market rose after China announced "historic" steps to stabilize the real estate sector affected by the crisis, a major consumer of industrial metals and gold. Bullion prices have risen by 2% so far this week.
Gold is moving higher despite the (rising) dollar and yields. In this case, the Chinese stimulus helped, as we also see other (base) metals doing very well.
باحث اقتصادي هدفي إنشاء موسوعة عن الدول العربية توضح جوانب القوة في كل دولة، واتمني أن يأتي اليوم الذي يتحد فيه العرب لتعم الفائدة علي كل الشعوب.


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