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Gold rises as demand for safe havens increases

2021-11-26T08:06:13.967Z

London, SANA- Gold prices rose today, due to concerns about the spread of a new strain of the Corona virus that was recently detected



London-Sana

Gold prices rose today, due to concerns about the spread of a new strain of the Corona virus that was recently detected, which led to an increase in demand for the metal, which represents a safe haven.

And Reuters reported that gold rose in spot transactions 0.5% to $1797.46 an ounce, and US gold futures increased 0.8 percent to $1797.70.

Also helping gold to rise, the dollar index fell 0.2 percent from the 16-month peak recorded earlier in the week, while the benchmark US 10-year Treasury bond yields fell.

As for other precious metals, silver fell 0.1 percent in spot transactions to $23.56 an ounce, platinum fell 1.2 percent to $983.53, while palladium increased 0.9 percent to $1,877.11.

Source: sena

All business articles on 2021-11-26

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