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Gold prices rise as the dollar falls

2021-12-07T10:10:50.600Z


London, SANA- Gold prices rose today, supported by the decline of the dollar, but the rise in US Treasury bond yields and


London-Sana

Gold prices rose today, supported by the decline of the dollar, but the rise in US Treasury bond yields and fears that the Federal Reserve will tighten monetary policy more than expected limited gold's gains.

Reuters reported that gold rose in spot transactions by 0.1 percent to $ 1780.60, while US gold futures increased 0.2 percent to $ 1782.40.

The dollar index fell 0.1 percent, reducing the cost of buying gold for buyers in other currencies.

With regard to other precious metals, silver in spot transactions rose 0.2 percent to $22.40 an ounce, platinum rose 0.3 percent to $940.50 and palladium fell 0.6 percent to $1844.01.

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Source: sena

All business articles on 2021-12-07

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