Gold rises 0.3% and silver falls 0.6%

New York, February 26 / WAM / Gold prices rose today, Thursday, supported by the decline in the dollar and increased demand for safe haven assets.

Gold rose in instant transactions by 0.3% to $5,183.85 per ounce by 02:58 GMT.

On Tuesday, gold prices recorded their highest level in more than three weeks, while US gold futures for April delivery fell 0.5% to $5,200.50.

As for other precious metals, silver fell in spot transactions by 0.6% to $88.84 per ounce, after rising to its highest level in three weeks yesterday, Wednesday.

Platinum fell in spot transactions by 0.5% to $2,274.16 per ounce, while palladium fell 1.4% to $1,770.05, while both metals reached their highest levels in three weeks in the previous session.

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