Due to the weakness of the dollar.. gold is recording an increase

Gold prices recorded an increase last week, after touching their highest levels in 3 weeks during trading on Friday, thanks to the weakness of the US dollar and continued purchases of the yellow metal.

This came at a time when the focus is on US economic data and changes in interest rates as a result of the policies proposed by US President-elect Donald Trump.

During the past week, gold futures prices for February 2025 delivery rose by 0.85 percent, reaching the level of $2,654.7 per ounce.

In Friday trading, gold contract prices decreased by 0.55 percent, or $14.3.

To limit the deepening of the yellow metal’s losses, the dollar index – which measures the performance of the US currency against a basket of six major currencies – fell by 0.4 percent to 108.95 points.