Gold rises 2% with anticipation of the minutes of the US Federal Reserve meeting

New York, February 18 / WAM / Gold prices rose today (Wednesday) by more than 2% with anticipation of the release of the minutes of the US Federal Reserve’s January meeting scheduled to be released today.

Gold rose in spot transactions by 2.6%, reaching $5,003.85 per ounce, by 1636 GMT, after recording the lowest level in a week during Tuesday’s session at $4,841.74. US futures contracts for April delivery also rose by 2.4% to $5,024.

Since the beginning of the year, gold has achieved gains exceeding 15%, supported by interest rate expectations and a gradual decline in inflation.

As for other precious metals, platinum rose 4.4% to $2,095.57 an ounce, and palladium rose 3.5% to $1,740.89.

– Leave –

• For more: Follow Khaleejion 24 Arabic, Khaleejion 24 English, Khaleejion 24 Live, and for social media follow us on Facebook and