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الخميس: 30 نيسان 2026
  • 30 April 2026
  • 07:25
Gold recovers from lowest monthly level amid dollar decline

Khaberni - Gold prices recovered on Thursday after reaching the lowest level in a month the previous day.

The recovery was supported by the weakness of the dollar, despite the rise in oil prices that sustained concerns about inflation and the continuation of high interest rates for a longer period.

Gold rose in spot transactions by 0.6 percent to $4566.73 per ounce by 0105 GMT after it had dropped to the lowest level since March 31 in the previous session.

The U.S. futures contracts for gold delivery in June increased by 0.4 percent to $4578.50.

The dollar weakened, making gold priced in it cheaper for holders of other currencies.

Brent crude traded above $119 per barrel, as the deadlock in negotiations between the United States and Iran added to investors' concerns about ongoing disturbances in Middle East supplies for an extended period.

For other precious metals, silver rose by one percent in spot transactions to $72.18 per ounce, platinum increased by 1.7 percent to $1911, and palladium climbed 0.9 percent to $1470.40.

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