Gold prices rise against the decline of the dollar

Gold prices rose slightly today, supported by a decline in the dollar, at a time when investors are focusing on the talks between US President Donald Trump and Chinese President Xi Jinping.

By 00:45 GMT, the price of gold in spot transactions increased 0.3 percent to $4,699.87 per ounce.

US gold futures for June delivery settled at $4,706.90.

The dollar declined, making gold priced in the US currency cheaper for holders of other currencies.

As for other precious metals, the price of silver in spot transactions fell 0.4 percent to $87.64 per ounce. The price of platinum rose 0.7 percent to $2,151.38, and the price of palladium increased 0.4 percent to $1,506.19.