After recording the lowest level… gold prices rose with the decline of the dollar
Gold prices rose from their lowest level in a week on Tuesday, supported by a decline in The dollarand weak US employment data.
The price of gold in spot transactions rose (0.4%) to (4059.39) dollars per ounce, after recording the lowest level since November 10 earlier in the session.
American gold futures contracts for delivery next December fell (0.4%) to (4059.20) dollars per ounce.
The index declined. The dollar
declined The dollar index, which measures the performance of the US currency against other major currencies by the equivalent of (0.2%), which made dollar-denominated gold less expensive for holders of other currencies.
With regard to other precious metals, silver rose in spot transactions (0.4%) to (50.4) dollars per ounce, platinum fell by about (1) percent to (1518.15) dollars, and palladium fell (0.6%) to ($1385.18).
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