Gold Records Its First Gain In 6 Weeks

Dubai – (Massader News )

Gold prices rose Friday, helped by the dollar’s decline, marking its first gain in 6 weeks.

Precious metal futures rose nearly 0.8% to $ 1227.5 an ounce, climbing 1.5% in a week, supported by a weaker US dollar against major currencies following negative economic data.

US retail sales fell last month, and consumer confidence this month  in the US economy registered  the lowest level since last October.

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