Money and business

Gold continues to record record levels, approaching four thousand dollars an ounce

Gold continued to rise to new record levels, today, Tuesday, approaching the barrier of four thousand dollars per ounce, supported by expectations of a cut in US interest rates this month, and continued demand for safe havens in light of the ongoing government closure in the United States.

The precious metal recorded an increase in spot transactions by (0.4 percent) to reach (3978.01) dollars per ounce, after earlier touching its highest level ever at (3985.48) dollars.

US gold futures contracts for December delivery also rose by (0.6 percent) to reach (4000.90) dollars, exceeding the level of four thousand dollars for the first time in history.

In other precious metals, silver declined in spot transactions by (0.4 percent) to record ($48.31) per ounce, while platinum fell (0.1 percent) to ($1624.63), and palladium rose (1.6 percent) to reach ($1340.68) per ounce.

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