Gold price increases by 5 percent

Gold price increases by 5 percent
Gold price increases by 5 percent

KUWAIT, Jan 31 (KUNA) — Gold price rose by five percent in end of January, settling at USD 1,127 per ounce.
Chief Executive Officer of Sabaek company Rajab Hamed said in a press release on Sunday the gold price settled in last week of January at USD 1,116 per ounce, rising by USD eight. (USD=KD 0.303).
He forecast the rate to reach USD 1,140 per ounce in trades later this week. (end) ht.tb.rk