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Gold finished a stable session after recording the highest level




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And settled Gold On the spot trading of 1320.01 dollars per ounce in the late US trade after having previously recorded $ 1326.30, the highest since April 26.

Metal finished the month with a gain of about 3%.

US gold goods rose 0.7 percent to $ 1,319.70 per ounce.

Federal reserves kept interest rates unchanged on Wednesday, but said it would be impatient to raise borrowing costs this year again, as it indicated further blurring of economic outlook.

And it fell Dollar Indek, Which measures the effect of the US currency on the basket of other major currencies, after the Federal Reserve issued its cautious statement. The decline continued after data showed that unemployment claims in the US rose last week to a high year and a half, leading to concerns about an economic slowdown.

Gold usually increases the expectations of cutting Interest rates, Which reduces the opportunity costs for non-refundable metal owners.

The demand for the yellow metal rose 4 percent last year, as the purchase of the central bank reached its highest level since 1967, according to the World Gold Council.

Palladium fell 1.4 percent to 1,341.50 dollars per ounce, while platinum fell 0.1 percent to $ 814.00 per ounce.

The spot fell 0.4 percent, to $ 16.00 per ounce, after recording the highest level since July 2018 at a price of $ 16.19.

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Spot gold rose to $ 1,320.01 per ounce, which was earlier recorded at $ 1,326.30, the highest level since April 26th.

Metal finished the month with a gain of about 3%.

US gold goods rose 0.7 percent to $ 1,319.70 per ounce.

Federal reserves kept interest rates unchanged on Wednesday, but said it would be impatient to raise borrowing costs this year again, as it indicated further blurring of economic outlook.

The dollar index, which measures the effect of monetary aid against the basket of other major currencies, fell after Federal Reserve published its cautious statement. The decline continued after data showed that unemployment claims in the US rose last week to a high year and a half, leading to concerns about an economic slowdown.

Gold is usually increased by expectations of a lower interest rate, which reduces the opportunity costs for non-yielding metal owners.

The demand for the yellow metal rose 4 percent last year, as the purchase of the central bank reached its highest level since 1967, according to the World Gold Council.

Palladium fell 1.4 percent to 1,341.50 dollars per ounce, while platinum fell 0.1 percent to $ 814.00 per ounce.

The spot fell 0.4 percent, to $ 16.00 per ounce, after recording the highest level since July 2018 at a price of $ 16.19.


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