Gold awaits the best week since early May


Gold is heading on Friday towards its best week in nearly five months, supported by the decline of the US dollar, which boosted the attractiveness of the yellow metal, despite an imminent reduction of stimulus measures taken by the Federal Reserve.

And by 06.09 GMT, gold fell 0.2 percent to $ 1792.54 an ounce (an ounce), but it rose two percent during the week. US gold futures fell 0.3 percent to $1,793.10 an ounce.

And the dollar index headed towards its first weekly decline in six weeks, which strengthened the attractiveness of gold to buyers of other currencies.

As for other precious metals, silver fell 0.4 percent to $23.45 an ounce, but it is about to record the largest weekly increase in seven weeks.

And platinum rose 0.1 percent to 1056.02 dollars an ounce.

Palladium rose 0.4 percent to $2,137.68 an ounce.

Platinum and palladium are heading towards recording gains for the second week.



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