Gold Rises in Parallel with the Situation in Iraq – Platinum Falls

The price of gold rose yesterday, with U.S. stocks falling in parallel with the security situation in Iraq, while platinum fell after it announced the union miners in South Africa, ending the strike lasted five months. And Reuters reported that gold has strengthened its gains, which amounted to three percent in the last week after he accused Iran’s Supreme Leader Ali Khamenei, the United States on Sunday of trying to regain control of Iraq by exploiting sectarian rivalries in conjunction with the launching guerrilla Daash terrorist attacks in Iraq.

Investors usually accepts gold as a hedge against risk in times of financial or political turmoil. Gold rose in the spot market 0.1 percent to 1315.60 dollars per ounce. The gold record biggest weekly gain in three months last week, up to its highest level in two months at 1321.90 dollars an ounce in the previous session. And increased gold futures in the United States of $ 1.8 to settle at 1318.40 dollars an ounce.

The U.S. stocks fell slightly on Monday as investors did not find an excuse to continue buying after gains over six sessions for the S & P 500. Silver fell one cent to 20.86 dollars an ounce. Platinum lost 50 cents to U.S. $ 1453.25 an ounce, while palladium rose 0.4 percent to 820.25 dollars an ounce.

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