Gold climbs supported by the dollar decline


Gold prices surged to its highest level in about two weeks, on Tuesday, as the dollar fell against major currencies in the wake of US economic data disappointing raised doubts about the increase of interest rates in the United States this year.

And went up in the spot price of gold transactions during the session 1.4 percent to $ 1151.20 an ounce, its highest level since the twenty-fourth of September before finishing the trading session in the United States, up 1 percent at $ 1147.01 an ounce.

And it increased US gold futures for December delivery 0.8 percent to a record settlement of $ 1146.40 when an ounce.

Gold also benefited from the dollar fell against a basket of major currencies and the rise of global stock markets.

It continued the yellow metal extended gains after the jump recorded by Friday, which amounted to 2.2 percent, the biggest gain for one day since the fifteenth of January, which followed data showing that employers in the United States crafted to curb employment in the past two months.

Monday’s data showed the pace of US service sector growth slowed in September, though analysts said it can not rule out an increase in US interest rates in December.

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