Gold prices rose 0.6% to $ 2051.44 an ounce by 6:45 am GMT today. US gold futures rose 0.8% to $ 2064.60.
The gold rallies come after weak US data rocked jobs in dollars and reinforced concerns about a global economic recovery hit by the emerging coronavirus (Covid 19) pandemic.
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US central bank policymakers warn that the pandemic will continue to harm the US economy, with the country's infection cases exceeding 4.7 million people.
The bleak outlook pushed the dollar index to its lowest level in more than two years, while data on Wednesday showed that growth in the number of private sector workers in the United States slowed sharply last month. p>
and gold has risen more than 34% since the beginning of this year as it is considered an asset that must retain its value while the Corona pandemic and the central banks' printing of money lead to eroding the value of other assets .
On the other hand, oil prices varied today, as the dollar's decline offset the impact of some fears that demand for fuel might falter due to the rise in coronavirus infections around the world.
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US West Texas Intermediate crude futures fell 8 cents, or 0.19%, to $ 42.11 a barrel by 7:10 this morning GMT, while crude futures rose Brent 20 cents, or 0.44%, to $ 45.37 a barrel, from the session's lowest level at $ 45.10.
The two benchmarks rose by more than 1% yesterday, Wednesday, to their highest levels since March 6, to complete a rise that continued for 4 days, after the US Energy Information Administration announced that A much higher than expected drop in US oil stocks.
The recent drop in the dollar supports the rise in oil prices. As oil futures are priced in dollars, crude prices tend to rise to offset the currency's decline.
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