London - Sana
Gold prices rose today, supported by the decline of the dollar and hopes of a new US stimulus package ahead of the presidential elections next month, which strengthened the appeal of the precious metal as a hedge tool.
Reuters reported that the spot price of gold closed 0.35 percent higher at 1905.50 dollars an ounce, while US gold futures increased 0.5 percent to reach $ 1911.70 at the settlement.
In other precious metals, silver rose 1.1 percent to 24.41 dollars an ounce, while platinum fell 0.44 percent to 856.32 dollars an ounce, and palladium rose 0.44 percent to 2342 dollars.