By: Mahmoud Gamal
Mubasher: Gold price increased in Wednesday's early trading, while geopolitical concerns spread around the latest US Federal Reserves' rate hike decision.
Spot gold added 0.20% to $1,134.2 per ounce by 04:12am GMT.
US gold futures were higher 0.24% to $1,136.35 per ounce.
Silver rose 0.22% to $16.15 per ounce, after hitting its lowest in two weeks on Tuesday.
The US dollar index declined 0.14% to 103.12 points, after hitting its highest in 14 years earlier this week.
Gold's current levels are purchasing, technical analyst, Eyad Al Aref, said expecting it to reach $1,155 per ounce.
He added that it may tend to more gains next year and reached $1,450, with US indices reaching big correction phase, especially Dow Jones index which is expected to start declining after approached the level of 20,000 points.
Translated by: Sara Ghali
