<\/p>\n
Gold records gains in the middle of the European session on Friday, November 26, the last session of the week, by more than 0.90%, as gold managed to regain the levels of 1800 dollars that it lost for more than three consecutive sessions, to trade at 1804 dollars per ounce, benefiting from its status as one of the most important tools of assets and safe havens in the markets In addition to the declines of the US dollar since the beginning of the Asian session.
\nRising market fears about a new type of Corona virus that began to spread from South Africa and the effectiveness of the current vaccine is less than the original strain, raising the currencies and assets of safe havens in the markets to support gold after strong declines in the yellow metal since the beginning of the week.
\nDespite the daily rises, the yellow metal is heading to record weekly losses of more than 2% by the end of the session today, in its worst weekly performance since last August, affected by the high market expectations that the US Federal Reserve will change its opinion regarding monetary policy and go to more tightening in the coming period.
\nThe decline in US bond yields since the beginning of the session is an additional supportive of the declines in the US dollar and the rises of the yellow metal, as the yield on US 10-year Treasury bonds declines by about 7% at 1.52.
\nAt a time when the yellow metal’s prices are rising, the rest of the metals are exposed to decline, as silver loses about 0.66% and is trading at levels of $23.42 an ounce.
\nCopper loses about 2%, and is trading at levels of 9600 thousand dollars per ton, according to the latest prices from the London Metal Exchange.
\nPlatinum is down by about 3% and is trading at $965 levels, while palladium is losing about 2.4 percent when it is trading at $1.814 levels.<\/p>\n
<\/p>","protected":false},"excerpt":{"rendered":"
Gold records gains in the middle of the European session on Friday, November 26, the last session of the week, by more than 0.90%, as gold managed to regain the levels of 1800 dollars that it lost for more than three consecutive sessions, to trade at 1804 dollars per ounce, benefiting from its status as […]<\/p>\n","protected":false},"author":1,"featured_media":2805,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"nf_dc_page":"","footnotes":""},"categories":[3],"tags":[],"class_list":["post-2804","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-jet-metals-markets"],"acf":[],"yoast_head":"\n