• Gold is heading for the worst weekly performance in two months


    ​Gold prices rose on Friday, but trading takes place in a tight range as investors are reluctant to the formation of centers in the absence of stimulating news. But the yellow metal goes on the track record biggest weekly decline in two months, while the trade agreement fueled phase one of the long-awaited between the United States and China risk appetite​.

    And gold increased in immediate transactions 0.2 percent to $ 1555.14 an ounce by 06:02 GMT, heading towards a decrease on a weekly basis by 0.4 percent, the largest since the week ending November 8.​

    US gold futures rose 0.4 percent to $ 1556.90.
    Ilya Spivak, currency strategist at the Daily Av.aks said "seems to stimuli run out in the very near term. (Gold prices) absorb volatility, which occurred recently and is basically in wait-and-see mode."
    Meanwhile, data showed that China's economic growth slowed to its lowest level in 30 years in 2019 in light of the trade war with the United States and weak investment.
    The ongoing trade war caused 18 months ago between the two biggest economies in the world and the damage to the global economy pushed gold prices to rise 18 percent in the past year. Gold is considered a safe already in foggy political and economic times.​
    The financial markets breathed a sigh of relief slightly after the announcement of the trade agreement, despite continuing concerns about customs duties and fundamental issues have not been resolved yet.​
    Gold was under pressure as Asian stocks rose after Wall Street global shares hit record highs.
    As for other precious metals, palladium rose 0.9 percent to 2333.50 dollars an ounce, after reaching a record high at 2395.13 dollars yesterday, and is heading to record the largest weekly gain since January 2017.
    Platinum jumped 0.9 percent to $ 1013.57, after hitting the highest level since February 2017 at $ 1041.05 in the previous session.
    Silver advanced 0.5 percent to $ 18.02 an ounce.​

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