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Gold rises thanks to weak dollar and inflation fears

2021-12-17T12:17:08.636Z


Singapore, SANA- Gold prices rose today, on their way to recording the best weekly performance since the middle of last month


Singapore-Sana

Gold prices rose today on their way to record their best weekly performance since the middle of last month, with the dollar's decline and the return of focus on inflation risks after moves by global central banks to withdraw stimulus packages.

And Reuters news agency reported that spot gold rose 0.5% to $1807.19 an ounce, while US gold futures rose 0.6 percent to $1809.70 an ounce.

The yellow metal rose about 1.4 percent this week.

As for other precious metals, silver rose 0.6 percent to $22.60 an ounce, palladium rose 2.4 percent to $1770.80, while platinum declined 0.1 percent to $935.48 an ounce.

Source: sena

All business articles on 2021-12-17

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