Gold prices advance 3 pct in Azerbaijan last week

The official rate of gold stood at AZN 670 an ounce in Azerbaijan, the highest level last reached on October 14. Gold price reached the highest level o AZN 697 an ounce on December 18.
Gold price rose 3% along last week.

On the world market, as dollar continues to weaken further against major currencies, gold is expected to rise for the third straight week on speculation the dollar’s rally will stall, boosting the appeal of the precious metal.

The greenback and dollar-denominated gold prices often move in the opposite direction.

/APA/