Gold prices rose during trading Friday for the third straight session, but the increase rate is weak comes in light of the continued tensions and fears in financial markets about the impact of Britain's exit of the European Union.
Gold prices are currently trading at $ 1328.5 per ounce after hitting the lowest level at $ 1320.5 per ounce, and today's session was opened at $ 1321.9 per ounce, recording the highest at $ 1326.6 per ounce. while gold prices rose on Friday to its highest level in two years at $ 1358.1 per ounce.
Weak trading in Gold prices in today's session comes after a significant increase during the end of last week after the outcome of the British referendum the exit of Britain from the European Union which raised fears in the financial markets and prompted investors to turn to safe haven.
This and the dollar rose against the major currencies during yesterday's trading after witnessing a corrective decline for two consecutive days, while its highest record in three months this week in light of the continued decline in the majors.
The dollar index, which tracks the dollar's performance against a basket of major currencies, is currently trading at the level of 95.83 after it opened today's session at the level of 95.88, while the lowest level been recorded at 95.78 after recording the highest at 95.90 comes after the dollar index fell yesterday to its lowest this week's level at 95.43.