Gold advance increases investors’ appetite for selling

Factors favored the yellow metal prices, with gold prices rising, supported by the trend towards easing the pace of raising US interest rates, the decision of the Federal Reserve Bank to stabilize the interest rate, and the decline in the dollar and bond yields. The rise in gold prices opened investors’ appetite for selling and Take advantage of the height

Gold prices benefited from the trend towards reducing the pace of raising interest rates, and gold was able to record a noticeable increase, especially after the US Federal Reserve announced that it would stabilize the interest rate and move towards reducing the pace of raising interest rates, as gold rose in spot transactions, and the settlement price in contracts also rose. American gold futures

Fluctuations in stock markets reinforce the position of gold as a safe haven for investment, and in times of high gold prices, many investors rush to convert their money into gold, as a means of hedging and preserving its value.‎‎‎‎

Gold sales are growing in light of the spread of a state of reassurance among investors about the future of gold prices. Gold prices in Saudi Arabia enjoy continuous Arab and regional follow-up from citizens, residents and visitors who are keen to buy gold from Saudi Arabia, and gold is still considered one of the best gifts. On all occasions, the purchase of gold also increases for the purpose of investment or savings.