Gold prices rise as inflation fears increase

Capitals, May 29 / WAM / Gold prices rose slightly today, amid growing concerns about inflation and raising US interest rates.

The price of gold in spot transactions increased 0.4 percent to $4,512.79 per ounce. The precious metal has gained about 0.1 percent since the beginning of the week. US gold futures rose 0.2 percent to $4,543.10.

As for other precious metals, the price of silver in spot transactions rose 0.7 percent to $76.17 per ounce, and the price increased

Platinum rose 0.2 percent to $1,926.18, and palladium gained 0.9 percent to $1,380.94.

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