$4,338 per ounce… Gold rises, supported by the decline in the dollar
Gold prices today, by about (1%), approaching the highest level in (7) weeks, supported by a decline in The dollar, and expectations of a reduction in Interest rates, and increased demand for safe havens amid geopolitical tensions.
Gold rose in spot transactions to ($4,338.29) an ounce, while US futures contracts rose to ($4,372.80). This came with the dollar stabilizing near its lowest level in (two months), and a slight decline in US Treasury bond yields for (10) years.
Metals Precious
With regard to other precious metals, silver rose (3.1%) to ($63.9) per ounce, after hitting a record level of ($64.65) on Friday, bringing its gains this year to about (121%).
Platinum also increased (1.9%) to ($1778.76), and palladium jumped (4.1%) to ($1547.75). per ounce.
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