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Gold closed above $1,900 for the first time since April, posting weekly gains
Gold prices rose to the highest levels of $ 1900 an ounce at the settlement of trading on Friday, January thirteenth, for the first time since April last year.
Upon settlement, gold futures rose by 1.25%, or $22.9, to $1,921.70 an ounce, recording a weekly gain of about 2.8%.
Today's economic data revealed that US consumer confidence rose to 64.6 points this month, the highest level in 9 months, reflecting the decline in inflation concerns.
For her part, US Treasury Secretary Janet Yellen said that the most important priority for her is to reduce inflation and maintain the strength of the labor market, noting that inflation has moderated significantly over the past 6 months.
She also warned that America will reach the debt ceiling next Thursday.
