Updated .. gold prices achieve gains for the fifth week

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direct: Gold prices turned lower when settling trading on Friday, after a volatile session, but recorded gains for the fifth consecutive week, amid the ongoing crisis.

The yellow metal eased with gains in stocks, in optimism over a vaccine for Corona.

Metal prices rose during the session amid crises and uncertainties with the record highs of new Corona cases in addition to the decline in the dollar.

Economic data revealed a decline US producer prices Contrary to expectations during the past month.

And with the ongoing epidemic fears, the precious metal rose about 0.7 percent for the fifth consecutive week, after climbing to the highest level in 9 years in last Wednesday’s session before retreating in the last two sessions.

Upon settlement, the price of gold futures for August delivery fell 0.1 percent to $ 1801.90 an ounce after hitting the level of $ 1817.60 during the session.

By 5:45 pm GMT, the spot price of yellow metal fell by 0.2 percent at $ 1799.91 an ounce.

At the same time, the main index of the dollar, which follows the performance of the American paper, decreased against 6 major currencies, about 0.07 percent, to record 96,633.



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