Gold prices saw a limited decline during the Asian session after it posted yesterday, the highest level in three months, its biggest weekly increase in four months to close the precious metal from the termination of trading this week on the second consecutive weekly rise, benefiting from the dollar's decline levels and increase demand for the metal Nafis as a safe haven, with receding expectations for an increase in the relative US interest rates.
Technically broke Gold Price range which has been limiting the gold trading during the last period and we approached yesterday from our second goal, where gold top record at $ 1227 levels and we expect further upside for the precious metal in the coming period up to 1230 levels and then to $ 1238 per ounce very soon while retaining stop the lowest losses of $ 1,200 an ounce.


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