Source: Arab.net
–
The digital currency Bitcoin jumped to its highest level since July 2019, with a 4% rise to $ 12,391, today, Monday, as the uncertainty in the financial markets about the challenges of the Corona pandemic escalated.
Gold rose today, Monday, with the decline of the dollar, to recover some of its losses after a sharp decline in the previous week, while attention is focused on the proceedings of the US Federal Reserve meeting, which will be issued this week.
The price of gold increased in spot transactions from its gains to 2% at 1982.60 dollars an ounce.
In an interview with Al-Arabiya, the head of Target Investment Company, Noureddine Mohamed, said that the increase in American borrowing supports the position of gold, explaining that the demand for safe havens will remain a dominant feature in light of the Corona pandemic.
By 06:36 GMT, the spot price of gold was up 0.3% to $ 1949.09 an ounce.
Gold was down 4.5% last week, its biggest decline since March, as investors began to reassess positions after dropping from the $ 2072.50 high recorded on August 7, according to Reuters.
US gold futures rose 0.5% to 1958.90 dollars an ounce.
“It does not appear ready to resume a real downturn because dealers are awaiting the minutes of the Federal Open Market Committee meeting and the fate of the US fiscal stimulus negotiations,” said Ilya Spivak, exchange market strategist at DailyFX.
Silver rose 1.5% to $ 26.81 an ounce, platinum rose 2.1% to $ 955.54 an ounce, and palladium advanced 2.6% to $ 2,164.07 an ounce.
–
