Algiers – Gold prices experienced a slight increase today, Friday, recovering marginally from a two-week low. Other precious metals also saw gains, offsetting some of the losses incurred over the past week.
Spot gold rose by 0.8 percent to $4346.69 per ounce. Simultaneously, U.S. gold futures for February delivery increased by 0.5 percent, reaching $4360.60 per ounce.
The Algerian market is closely following these global trends, with local jewelers and investors carefully monitoring the fluctuating prices. The slight uptick offers some respite after a period of relative stability at lower levels. Market analysts attribute the current rise to a combination of factors, including renewed investor interest and slight weakening of the U.S. dollar.
Other precious metals also demonstrated positive movement. Silver saw a 2.1 percent increase in spot trading, reaching $72.75 per ounce. Platinum also rose, gaining 0.2 percent to reach $2057.74 per ounce. Palladium experienced a more significant surge, increasing by 2.4 percent to $1642.90 per ounce.
DZWatch will continue to monitor the gold and precious metals markets closely, providing our readers with timely updates and expert analysis.
