The yellow metal is heading to record weekly gains of more than 2%, by trading hours before the closing of the closing session of the week today, Friday, November 12, and trading at the highest levels of $ 1855 an ounce, recording the largest weekly gain since the beginning of last May, in a rise for the second week in a row.

The rise of the US dollar and its trading at its highest level in sixteen months during the next week, in addition to the rise in the yield on US Treasury bonds, did not limit the rises of the yellow metal, given that gold is seen as one of the most important global hedging tools against inflation and price pressures, and consequently, the rise in inflation in the United States of America to the highest level In thirty years, he formed a support for the yellow metal.

Market expectations of a US interest rate hike have risen, as markets are pricing an opportunity of more than 70%, according to FedWatch’s CME Group instrument, to raise interest rates by the end of June of next year. 15 billion dollars per month and continues until July, and therefore we see strong movements of the US dollar since the beginning of the week, but global inflation fears support the yellow metal as one of the most important assets against inflation.

Silver, in turn, rises by more than 4.5%, trading at levels of $ 25.20 an ounce, the highest weekly closing level in three months.

Platinum, despite its decline in the closing session by 1.3%, and trading at levels of 1070 dollars, remains higher by more than 4.7% during the week

. Palladium records a weekly gain of more than 2.2%, trading at levels of $2,070, on Friday’s gain of 0.55%.