Gold rises.. Here is how much the price of an ounce has become


Waterer added, “Traders will await the release of the non-farm payrolls report in the United States on Friday, because if we see another strong jobs report, this may provide an incentive for gold to rebound.”

Gold continued its gains despite the rise of the dollar to its highest level in four and a half months, while standard ten-year US Treasury bond yields are trading near their highest levels in two weeks, after data showed the growth of the manufacturing sector in the United States for the first time in a year and a half during. March.

Federal Reserve Chairman Jerome Powell said on Friday that the latest inflation data did not affect the central bank’s basic expectations, but he said that the strength of the economy “means that we do not need to rush to reduce.”

Gold usually rises as interest rates are lowered because this reduces the opportunity cost of holding bullion.

Gold rose in immediate trading by 0.46 percent to $2,261.48 per ounce, remaining below its highest levels ever at $2,265.86 recorded on Monday.

US gold futures rose 1.12 percent to $2,282.55 per ounce, also moving close to its highest levels ever at $2,286.4 per ounce.

As for other precious metals, silver rose 2.24 percent to $25.64 per ounce, platinum rose 0.6 percent to $907.45, and palladium rose 1.2 percent to $1,008.44.

The exchange rate of the dollar in Lebanon today, moment by moment

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