Gold rate managed to exploit the decline of the dollar index to rise above the price of $ 1259 per ounce. This came after the decline of US building permits data this afternoon, pushing the dollar down, and during the week the precious metal was down before and after the US interest rate hike from Before the Fed.

Gold rateĀ 

According to expert analysis, gold may target resistance at $ 1262 per ounce, especially after the break of $ 1258, but this rise will remain temporary according to their weight as it may return to fall to touch the price of $ 1242 according to the latest forecast.

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