By: Mahmoud Gamal

Mubasher: Gold prices rose to the highest level in ten weeks, amid investors’ anxiety over President Donald Trump’s economic policies.

Spot gold rose 0.07% to $1,216.02 per ounce by 4:25am GMT.

US gold futures for February delivery increased 0.08% to $1,216.40 per ounce.

Silver went up 0.06% to $17.197 per ounce, its highest level in more than one month.

Gold continued its rise to hit a two-month peak Monday due to a decline in the US dollar and bonds, amid fears of Trump’s policy, commodity analyst Hamed Shehab said.

Gold will rise to $1,230 if it manages to stabilise above $1,205 in the coming period, the analyst added.

Investors should not increase their investments till new US economic data appears, Shehab noted.

Translated by: Julian Nabil