By: Mahmoud Gamal
Mubasher: Gold reached its highest levels in two weeks on Wednesday, after US dollar retreated on the announcement of Japan's weak data and holidays end in USA and UK.
Spot gold added 0.09% to $1,144 per ounce by 06:57am GMT.
US gold futures were higher 0.65% to $1,144.5 per ounce, which is the highest level in eleven sessions.
Silver shed 0.04% to $15.982 per ounce.
The US dollar index also went down 0.07% to 102.93 points.
Weak Japan's deficit data coincided traders purchasing gold, which is still in unconfirmed upward trend between 1,140 – 1,160 points, technical analyst, Fahd Abdullah, said adding that the trend will be technically confirmed when reaching 1,150 points.
US dollar hiked 5% against basket of currencies since the elections of republican Donald Trump as the President of the United States on 3 November.
Translated by: Sara Ghali
