London - Sana
Gold rose to its peak today, supported by the weakening of the dollar and the decline in US Treasury yields, while the appeal of the yellow metal was boosted by fears of further rising inflation.
Reuters reported that the price of gold rose 0.2 percent in spot transactions to 1812.6 dollars an ounce, after reaching its highest level since the sixth of February at 1815.63 dollars earlier in the session.
The US gold futures contract gained 0.2 percent to $ 1,811.30.
The dollar reached its lowest level in more than a month, reducing the cost of gold to holders of other currencies, as investors awaited testimony by Jerome, the first president of the US Federal Reserve, before Congress later today.
As for the other precious metals, silver fell 0.3 percent to $ 28.66 an ounce, after reaching a peak of three years earlier at $ 28.31 and platinum settled at $ 1272.52, while palladium fell 0.1 percent to $ 2394.23.