By Mahmoud Gamal
Mubasher: Gold prices kept moving up on Thursday following the US Fed decision to hold interest rates that was followed by a decline in US dollar.
By 4:30am GMT, spot gold was 0.8% higher to $1,344.95 per ounce and US gold futures rose 0.55% to $1,328.70 per ounce.
Silver also increased by 1.64% to $20.32 per ounce, registering a four-week high.
On the other side, the US dollar index fell by 0.17% to 96.59 against a basket of currencies.
Following the Fed decision, investors' appetite for buying the precious metal has been increasing as tending to avoid any investment risks at the current time amid stocks' significant volatile performance, said currency market analyst Mohamed Mosa.
Gold prices are likely to hit $1,400-1,450 per ounce in the coming days as along as investors keep considering metals safer havens, Mosa concluded.
Translated by Ahmed Elsayed Ali
