Gold rose slightly on Friday (May 8) and also recorded a weekly gain. Optimism regarding the possible end of the conflict with Iran has eased concerns about inflation and high interest rates. Reuters and Bloomberg reported this. The spot price of gold rose by 0.63 percent on Friday to $4,715.25 (€4,009.26) per ounce (31.1 g), gaining 2.3 percent for the week. The June gold contract on the Comex division of the New York Mercantile Exchange rose b…
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Gold rose slightly on Friday (May 8) and also recorded a weekly gain. Optimism regarding the possible end of the conflict with Iran has eased concerns about inflation and high interest rates. Reuters and Bloomberg reported this. The spot price of gold rose by 0.63 percent on Friday to $4,715.25 (€4,009.26) per ounce (31.1 g), gaining 2.3 percent for the week. The June gold contract on the Comex division of the New York Mercantile Exchange rose b…