Gold commands highest price since the beginning of year – Report

Media IN Kuwait, 17th-06-2019 KUNA

Gold price made its highest revenue since the beginning of the year, hitting USD 1,358 per ounce in last week’s trading in fear-driven global markets and a weak US Dollar, according to Sabaek Al- Kuwait company.

The report released on Monday showed that the yellow metal is climbing up in the coming period, backed by US ”negative”  data on jobs, consumer price index (CPI) and retail for last may.

The upward trend would go parallel with outcomes of next Wednesday’s Federal Reserve meeting.

Gold’s price ended last week’s trading at USD 15 per ounce. Other precious metals’ prices were, plating at USD 820 per ounce and palladium at USD 1,465 per ounce.