Gold Prices Start The Week Higher But Still Lower At 1300
Gold prices start the week higher but still lower at $ 1,300 as investors watch the US dollar rise, as well as renewed concerns about the US-China trade war.
Rising on Thursday, following the decline in the US dollar index, in addition to the Federal Reserve's decision on interest rates yesterday as well as the decision of the European Central Bank today.
During the meeting, the Federal Reserve raised interest rates by a quarter percentage point to 2.0%, targeting 2.5% by the end of this year, and reiterated its expectations for the interest rate hike in 2019 three times.
Gold prices rose by 0.37% to reach $ 1283 per ounce, after reaching a low of $ 1280 per ounce, which opened today's session at 1280. $ per ounce, reaching a high of $ 1283 per ounce.
Looking at silver, it lost a gain of 0.67% to reach $ 16,60. Silver opened today at $ 16.54 and hit a high of 16.63 and a low of $ 16.50 an ounce.
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