Updated .. Gold is declining at the settlement, but it achieves a weekly increase

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Mubasher: Gold prices fell globally when settling trading on Friday, with the increase in US bond yields, but they recorded weekly gains.

And US bond yields rose to the highest level in more than a year, as well The dollar rose during trading Before turning to stability.

Gold prices achieved weekly gains of about 0.6 percent, with increasing hopes of approving the US stimulus package.

House Speaker Nancy Pelosi said yesterday that Democrats are seeking to pass the $ 1.9 trillion stimulus package by the end of this month.

Upon settlement, the price of gold futures contracts for April delivery fell 0.5 percent at $ 1817.20 an ounce.

By 6:45 pm GMT, the spot price of the yellow metal fell by 0.1 percent to $ 1823.06 an ounce.

During the same period, the main dollar index, which measures the performance of the currency against 6 major currencies, settled at 90.44.







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