Gold prices continue to rise supported by the decline in the dollar

Gold rose for the third consecutive session, today, Thursday, supported by the decline in the dollar and the decrease in the returns of treasury bonds at a time when the stakes of dealers to reduce interest rates in the United States are increasing in September.

Gold prices in instant transactions rose about 0.4% to 3368.99 dollars an ounce by 01:21 GMT. The US gold futures for December delivery increased 0.3% to $ 3417.80.

The dollar fell close to its lowest levels in several weeks against the currencies of its opponent, making gold the lowest cost of other currencies, quoting Reuters.

The revenues of the US Treasury settled for ten years near their lowest levels in a week.

Data published on Tuesday showed that the prices of consumers in the United States increased slightly in July, increasing the chances of reducing the Federal Reserve (the US Central Bank) interest rates next month.

Dealers now believe that the US Central Central Bank reduced on September 17 has become a certain ruling, according to the data of the London Stock Exchange Group.

Gold, which does not generate returns in the low interest rate environment, usually rises.

For other precious metals, silver in instant transactions increased 0.2% to $ 38.56 an ounce. Platinum fell 0.1% to $ 1338.33. Palladium rose 1.3% to $ 1136.70.