Gold hits its highest level in nearly two weeks with the falling dollar

Gold reached its highest level in about two weeks, today, in light of the weakness of the dollar and with the shift of investor attention to the meeting of the Federal Reserve (US Central Bank) in search of details on its plans to keep interest rates low while it aims to raise the rate of inflation.

And gold increased in the spot market 0.5 percent to 1966.47 dollars an ounce, after recording earlier in the session 1967.46 dollars, the highest level since the second of September.

In futures trading in the United States, gold rose 0.7 percent to $ 1976.90.

"Gold appears to be strong mainly due to the weaker dollar and a slight drop in US Treasury yields," said Edward Meer, analyst at ED & F Man Capital Markets.

The dollar index fell against its rivals, making gold less expensive for holders of other currencies.

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