Gold prices rose after trading in a narrow and weak range today, amid investors waiting for economic data to estimate the US Central Bank’s position regarding raising interest rates.

Gold futures rose by 0.44% on the New York Mercantile Exchange, and were traded in February at $1803.20 an ounce.

Gold contracts were previously traded at a session high of $1803.60 an ounce.

Oil prices also rose with the beginning of trading, amid expectations of a decrease in Russian crude exports, specifically in the Baltic region, during the current month.

Oil prices fell again, according to the New York Mercantile Exchange, which fell by 0.94%, to be traded in February at $78.22 a barrel.

US stock indices on Wall Street closed sharply lower on Thursday, amid investors’ fear that strong economic data will push the US central bank to continue raising interest rates for a longer period, and losses were recorded in the oil and natural gas sectors, in addition to the consumer goods sector. And the technology sector, which is linked to the Nasdaq index, which is dominated by technology stocks.

At the end of trading in New York, the Dow Jones Industrial Average fell by 1.05%, while the Standard & Poor’s 500 index fell by 1.45%, and the Nasdaq index fell by 2.18%.

On the Tokyo Stock Exchange, the Nikkei index fell by 1.13% to 26,207.77 points, while the broader Topix index fell by 0.75%, to 1,893.94 points.