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Data from Qatar National Bank showed that gold prices in Qatar fell 0.25% to $2,502.64000 per ounce this week.
The data showed that the price of gold per ounce fell from the level of $2,508.91430 per ounce set last Sunday.
It also showed that other precious metals rose 1.44% this week, with silver reaching $29.47630 per ounce yesterday, up from $29.05750 on Sunday; platinum rose 0.89% to $969.06900 per ounce. Yesterday’s price was $960.46350 per ounce, while the price at the beginning of this week was $960.46350 per ounce.
At the global level, gold prices retreated yesterday from all-time highs reached earlier this week and fell as the dollar gained ahead of the release of US jobs data and a speech by the chairman of the Federal Reserve (Fed. central bank), which may provide further indicators on interest rate expectations.
Gold fell 0.5% to $2,500.65 an ounce in spot trading, below its all-time high of $2,531.60 hit on Tuesday.
U.S. gold futures also fell 0.4% to $2,537.10.
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