Gold prices near two-week high and other precious metals rise
Capitals, 6 July / WAM / Gold prices stabilized today near their highest level in two weeks, after the US jobs report, which was issued last week and was lower than expected, led to a slight decline in expectations for the US Federal Reserve to raise interest rates.
The price of gold in spot transactions stabilized at $4,175.02 per ounce, after recording weekly gains of more than two percent on Friday, following four consecutive weeks of decline. US gold futures for August delivery rose 1.5 percent to reach $4,186.80 an ounce.
As for other precious metals, silver in spot transactions continued its gains for the fifth session in a row, rising by 0.1%.
percent to $62.4773 per ounce, after previously recording its highest level since June 23.
Platinum in spot transactions rose 0.4 percent to $1,645.05 per ounce, and palladium increased 0.1 percent to $1,275.18.
per ounce.
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