Latest prices… Gold is heading to end the year with its best performance since 1979
today, after sharp declines in the previous session, as the market refocused on geopolitical and economic risks; Which led to the rise of again, concluding the year with its best performance since 1979.
Gold in spot transactions increased 0.8% to $4,365.86 per ounce, as yesterday, Monday, it recorded the largest daily percentage loss since October 21; Taking profits led to the payment of To fall from its highest level of $4,549.71 recorded on Friday, US gold futures contracts rose 0.8% to $4,380.10 per ounce.
Gold prices
Attention is turning to the Federal Reserve (the US central bank) and to the minutes of its December meeting scheduled to be issued later on Tuesday, as traders expect two interest rate cuts next year, which is a possibility. It may support gold prices.
As for other precious metals, silver rose in spot transactions 4.6% to $75,523 per ounce, after recording an all-time high of $83.62 in the previous session before suffering the largest daily loss since August 2020.
Precious Metals
Silver has increased 161% since the beginning of the year, outperforming On gold, thanks to its inclusion on the list of critical metals in the United States and the lack of supply amid the rise in industrial and investment demand.
Platinum rose in instant transactions by 4.?5% to $2203.07 per ounce, and yesterday it recorded the largest daily decline ever after touching an unprecedented high level at $2478.50.
Palladium gained 2% to record $1648.75 per ounce, after its value decreased. 16% yesterday, Monday.
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