Gold prices are rising again after a temporary profit-taking decline
Capitals, January 22, WAM / Gold prices rose again after falling by approximately one percent earlier today, as a result of pressure on the precious metal to reap profits.
Gold rose in spot transactions 0.8 percent to $4,874.94 per ounce by 1632 GMT. The precious metal reached
A new peak yesterday, Wednesday, at $4887.82. US gold futures for February delivery rose 0.8 percent to $4,877.20 an ounce. The dollar index fell 0.4 percent against other currencies, making gold more attractive to foreign buyers. As for other precious metals, silver in spot transactions rose 2.2 percent to $95.26 per ounce after reaching a record peak at $95.87 on Tuesday. Platinum in spot transactions jumped 2.8 percent to $2,551 per ounce after recording the highest level ever at $2,558.20 earlier in the session, and palladium rose three percent to $1882.
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