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The rise in gold prices

2023-02-16T05:53:29.433Z


London, SANA- Gold prices regained some momentum today, with the decline of the dollar, but the prospects for the Federal Reserve to take action


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Gold prices regained some momentum today with the decline in the dollar, but the prospect of the Federal Reserve raising interest rates again kept investors nervous.

Reuters reported that gold rose in spot transactions by 0.3 percent to 1840.94 dollars an ounce, after it recorded the lowest level since early January yesterday, and US gold futures contracts increased 0.3 percent to 1850.20 dollars.

The dollar index fell 0.3 percent after reaching a six-week high yesterday, making gold priced in the US currency less expensive for buyers abroad.

As for other precious metals, silver rose in spot transactions by 0.7 percent to $ 21.77 an ounce, platinum rose 0.6 percent to $ 920.16, and palladium rose 1 percent to $ 1479.16.

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Source: sena

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