with the increase in demand for this metal as a safe haven.

Gold prices rose for immediate delivery at the beginning of the trading day by 0.60% equivalent to $ 7.77 to reach $ 1303.09 an ounce, as Gold futures contracts of February delivery rose 0.46% the equivalent of $ 5.90 to reach $ 1300.10 an ounce.

However, gold prices declined again. By noon today Gold futures of February delivery recorded a reading at a level of $ 1300 for an ounce, gold prices were recorded for immediate delivery reading at a level of $ 1299.43 (an ounce).

This rise comes on the background of the International Monetary Fund yesterday to reduce its forecast for global economic growth to 3.5% in the current year while its former vision refers to growth by 4%.