The rise of gold and precious metals amid investor caution and anticipation
during today’s trading amid an atmosphere of volatility in , with investors awaiting the release of during the coming days.
Gold recorded an increase in spot transactions by 0.3%, reaching $4,730.49 per ounce, after it had declined by more than 1% during the same session.
Gold prices
US gold futures contracts also rose by 0.2%, to reach $4,740.40, as markets follow any indicators that may affect monetary policy directions.
Investors are awaiting the US inflation data expected to be released later this week, because of its direct impact on interest rate movements and the strength of the dollar, and thus on the prices of gold and precious metals.
Silver, platinum and palladium prices
With regard to other metals, silver prices jumped in spot transactions by 5.8% to reach $84.99 per ounce, recording strong gains during trading.
Platinum also rose by 2.6% to reach $2,108.80, while palladium increased by 1% to record $1,506.50, amid a noticeable improvement in the performance of the precious metals market in general.
- For more: Follow Khaleejion 24 Arabic, Khaleejion 24 English, Khaleejion 24 Live, and for social media follow us on Facebook and Twitter
