Gold prices up as expectations of a US interest rate hike recede

Gold prices rose today, approaching their highest level in one month, as market expectations of raising US interest rates declined; this led to the dollar dropping to its lowest level in more than a year

Gold rose by 1.9%, after a slight change, amounting to $ 1959.81 an ounce, during the week, heading to achieve the largest weekly gain since last April.

As for other precious metals, silver fell in spot transactions by 0.2%, to reach $ 24.8091 an ounce.