Gold rises to its highest level in two weeks as the dollar fell

Stacks of gold bars

Gold prices rose to their highest level in two weeks, on Monday, as the dollar fell to its lowest level in six weeks after the Group of Twenty nations summit meeting at the weekend, which was dominated by the protectionist vision of the US administration with regard to global trade.

The yellow precious metal climbed since last Wednesday, when the dollar fell after the Federal Reserve lifted (US central bank) interest rates, but declined to sign accelerate the pace of tightening of monetary policy over the next two years.

He added gold in the spot market 0.2 percent to $ 1231.31 the ounce by 1228 GMT, after touching earlier to $ 1235.50, its highest level since the sixth of March.

Futures rose for gold in the United States 0.1 percent to $ 1231.50 an ounce.

Central Bank announces rise in sales of the dollar for today
Dollar exchange rate in the banking and Iraqi markets 3-20-2017

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