Gold is rising and silver is recovering from its lows
Capitals, February 6 / WAM / Gold prices rose today, heading towards achieving weekly gains while recovering
Silver is at its lowest level in a month and a half. Gold in instant transactions rose 3.1 percent to $4,916.98
per ounce by 1431 GMT, recovering the losses recorded during a volatile trading session in Asia that followed a decline
3.9 percent yesterday, Thursday. Gold is heading towards achieving weekly gains of about 1.3 percent. US gold futures contracts for April delivery rose by one
percent to $4,939.70 per ounce. The dollar index fell 0.3 percent, making gold its denominator
Cheaper for foreign buyers. Prices of gold, a traditional safe haven asset, rise in…
Times of geopolitical and economic uncertainty. Silver prices in spot transactions jumped 5.3 percent to $74.98 per ounce, after falling earlier in Asian trading to below the $65 level, but it is still on its way to recording the largest decline.
weekly since 2011, down more than 10.6 percent, after sharp losses last week as well.
The price of platinum in spot transactions rose 3.2 percent to $2,052 per ounce, and palladium rose 4.9 percent to $1,695.18.
Both fell during the week.
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