Gold recovers as oil

The deployment of 23 December / December 2015 - 09:11 GMT through

Gold rose supported by a rebound in oil prices and the decline of the dollar, where the yellow metal moved in a limited range within thin trade ahead of the holiday season.

Gold rose on Wednesday in the spot contracts 0.3% to $ 1074.98 an ounce, after falling 0.6% on Tuesday after rallying for two days.

But the outlook for the metal is still downward under the US federal ready to raise interest rates over the next year in addition to the energy markets that are prone to further decline.

He said, "Societe Generale" bank that low inflationary pressures in the United States and elsewhere because of low energy prices also will reduce the demand for gold, as predicted number of brokerage firms gold descent to less than $ 1,000 an ounce next year.

And between Alochriy metals silver rose 0.13% to $ 14.274 an ounce and palladium rose 0.56% to $ 555.75 while platinum down 0.06% to $ 869.85 an ounce.