London – Gold prices saw a new rise. This occurred at the start of exchange trading. It followed a sharp decline in previous sessions. Everyone awaited the impact of global and local monetary policies on gold trading. This anticipation was over the past hours.
The ounce recorded a notable increase. It surpassed $4800. This happened after significant losses over the previous three days. The price of an ounce saw a slight increase. This followed an earlier decrease. It reached $4784 for spot contracts. Trading ranged between $4650 and $4850. Prices rose by 2.5-4.17% in specific sessions. This was driven by a limited correction. It followed strong selling pressure. There was a rebound from low levels. These levels touched $4400 to $4660.