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Gold prices hit one-week high on dollar weakness
Nada Ali Published in Amwal Al Ghad on 21 - 05 - 2025

Gold prices reached a more than one-week high on Wednesday due to a weaker dollar and safe-haven demand, as US President Donald Trump struggled to gain support for his tax bill from Republican holdouts.
As of 11:24 PM GMT, spot gold increased 0.66 per cent to $3,311.83 per ounce, higher than its previous close of $3,289.97. Meanwhile, US gold futures rose 0.88 per cent to $3,313.41 per ounce, down from Tuesday's closing price of $3,284.6.
Attribution: Amwal Al Ghad English, Reuters
Subediting: Y.Yasser

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