Gold prices were able to stabilize during Tuesday's session at the highest level in five weeks, with the negative pressure on the dollar levels as well as the Asian stock rebound.
The US dollar has fallen to its lowest levels in five weeks versus major currencies, which has helped gold rise dramatically especially in the shadow of the Japanese yen's declining levels on the other hand to become a safe haven in the markets.
Meanwhile, Asian shares rose dramatically during Thursday's session amid optimism about China-house talks white in attempts to avert a commercial war, this has caused the gold to stop rising but has managed to keep its gains.
It is worth mentioning that gold has gained further momentum after the recent Federal Reserve meeting, which saw the interest rate raise, but has seen the bank's stabilization of the expectations of raising interest at three times this year.
Gold prices are currently traded at the level of $1353.41 for the ounce, after registering the lowest level at $1350.84 per ounce, and it opened today's meeting at the level of $1353.46 per ounce, registering the highest level at $1353.86 per ounce.