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The rise in gold prices


London, SANA- Gold prices continued their gains today, to record their highest levels in more than nine months, after the Council of Ministers raised the price of gold


Gold prices extended their gains today, reaching their highest levels in more than nine months, after the Federal Reserve raised interest rates by 25 basis points as expected.

Reuters reported that gold rose in spot transactions by 0.1% to $1951.79 an ounce, after hitting its highest level since April 2022 earlier in the session, and US gold futures rose 1.3% to $1967.40.

As for other precious metals, silver rose in spot transactions by 0.8 percent, to $ 24.17 an ounce, its highest level in a week.

Platinum rose 0.6% to $1,009.69, while palladium fell 0.2% to $1,665.82.

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Source: sena

All business articles on 2023-02-02

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