Kuwait – Mubasher: Global gold prices over the past week broke the decline that lasted for six weeks, as it rose by 2.6% to $1,089 per ounce, according to Sabayik Al-Kuwait Company.
Rajab Hamid, the company's director general, said in a press statement that two weeks ago gold prices hit the lowest level since five and half years, reaching $1,051 per ounce.
“Prices were supposed to plummet lower than $1,050 per ounce, given the increasing value of US dollar against European currencies,” Hamid explained, according to Kuwait News Agency.
