Gold retains high gains in new year
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KUWAIT CITY, Jan 17: Gold held its gains for the second consecutive week of the new year, as its prices reached the level of USD 1,816 per ounce on the New York Stock Exchange (New York), supported by the decline of the USD and long-term US bonds, said an expert of precious metals. In a statement to KUNA Monday, CEO of Kuwait Sabayik Company Rajab Hamed said that gold prices recorded an increase in their levels during last week’s trading, as they reached their highest levels at USD 1,831 per ounce, affected by investors’ strong demand for gold. (KUNA)
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