Kuwait Times
KUWAIT: Gold in the past week’s trades climbed to $1,204 per ounce, buoyed by the declining American dollar against other hard currencies, Sabaek Al- Kuwait said in a report yesterday.
The precious metal continued rising for the fourth consecutive week, posting the highest rise in two months, with forecast the ounce rate might hit the level of $1,250. Gold has capitalized on jitters and uncertainties related to Donald Trump’s takeover of the presidential post in the US, the report said. — KUNA
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