Gold prices rose to reach near the highest price at seven weeks during Thursday's trading, as the US dollar fell to its lowest price after the failure of news conference for President-elect Donald Trump to provide details about his plans to increase fiscal spending and tax cuts
At the COMEX division of the New York Mercantile Exchange, gold futures rose in February , its highest level in the $ 1.202.35 per ounce session, this level not seen since November 23
The last trading was at $ 1.200.65 per ounce 3:20 pm ET, equivalent to $ 4.00 or 0.3% after the trading session ended on Wednesday at $ 11.10 or about 1%
At the first news conference for Donald Trump, the president-elect did not provide details about some of his economic policies, especially the lifting of restrictions, lowering corporate taxes and financial incentives, which disappointed investors and led to the decline in the dollar
The dollar index which measures the dollar's strength against a basket of six major currencies reached to its lowest level in one month from 101.01 in early trading
The dollar fell 0.6% to trade at 101.08, having withdrawn away from the highest level in the past week and in 14 years of 103.82
Election of the President was his main motivation for rising markets, although he has not set his economic policies